The modern customer likes renting clothes because it is environmentally friendly and offers more variety, says Evan Clark, Deputy Managing Editor at WWD. In the future, people will lean in on the idea of "having fewer, better things," he says. For full interview, [click here](https://cheddar.com/videos/why-fashion-rentals-are-on-the-rise).
Share:
More In Business
January’s Blockbuster Jobs Report
Tom Graff, Chief Investment Officer, Facet, discusses what the latest jobs report says about this ‘pretty good’ labor market and why the market should worry less about the Fed’s next decision.
Your Favorite Songs Are No Longer on TikTok – Here's Why
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
Firm Involved in Flint, Michigan Water Crisis Flushes Out $25M in Settlement
More than 45,000 Flint residents' claims will resolve from the class-action litigation agreement with Boston-based firm Veolia North America.
Mortgage Rates Lower to 6.63%. Prospective Homebuyers Exhale
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
How to Save for Retirement the Right Way
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
Microsoft is the ‘Best A.I. Play Out There’
(Photo by Anna Moneymaker/Getty Images)
Social Media CEOs Testify in Senate Hearing Over Child Safety
The heated hearing began with recorded testimony from kids and parents talking about being exploited on social media. Throughout the hours-long event, parents who lost children to suicide silently held up pictures of their dead kids.
How Pro, Really, Is Apple's Vision For AR Headsets?
No, Apple isn't entering the ski mask market. Available February 2, the Vision Pro is an augmented-reality headset, and it costs around $3,500.
Adtalem Global Education CEO Responds to Report Calling it ‘Uninvestable’
Adtalem CEO Steve Beard addresses a report from Safkhet Capital taking the short position on the for-profit education giant, plus why he believes there should be financial recourse for student loan borrowers misled by their institutions.
