Saks Off 5th is getting deeper into the second-hand market through a partnership with Rent the Runway.
“As important as getting new access to designer brands is the fact that we now have additional access to some of the most favored brands customers have already been searching for and selecting on SaksOff5th.com,” Paige Thomas, president and chief executive officer of Saks Off 5th, told WWD. “This gives us more size integrity and depth, which will be beneficial particularly from a pre-owned perspective. Our customers are very engaged in the resale market.
Beginning in March 2016, Rent the Runway subscribers could also purchase clothes from the retailer, but as of June 2021, it became possible to purchase from Rent the Runway’s selection of used clothes without being a subscriber. “Resale is a great funnel into Rent the Runway,” Hyman said. “In this partnership we will take ownership of the goods,” Thomas explained. “Rent the Runway has a phenomenal reputation. All items have been authenticated and are in excellent condition. Our team has taken ownership of the goods, which are in our warehouse in Pottsville, Pennsylvania, and available on our site.”items, which are being labeled with a specific badge. The merchandise will be “predominantly in season” and only sold on SaksOff5th.com, and not at the Saks Off 5th stores, Thomas said.
“Now it’s very normal to buy second-hand clothing,” said Hyman. “Businesses like Rent the Runway have made it both aspirational and cool to consider second-hand clothing. We have invested so much into our operations and cleaning and care.” She said the Rent the Runway website “feels like a traditional e-commerce company,” citing the depth and quality of its offerings “as opposed to others that appear sourced from customers’ closets with one-offs.
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