Fashion Briefing: How Nuuly is riding the rental wave to 300,000 subscribers

10 hours ago 4

This week, a look at Nuuly’s rise to popularity — the company has more than 300,000 subscribers and saw nearly 50% net sales growth in its most recent quarter. Also, early holiday sales data and stats from Nordstrom’s recent earnings.

URBN, the parent company of Urban Outfitters and Anthropologie, among other brands, announced a record earnings quarter this week. On Tuesday evening, the company posted a new high net income of $109 million for the third quarter. But it was at Nuuly, URBN’s rental business, which offers products from all of its brands and others outside its portfolio, that saw a real shot of growth.

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