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).
Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
Ivanka Trump began testifying Wednesday in the civil fraud trial that is publicly probing the Trump family business, making an appearance she tried to prevent.
Walmart announced it's looking to create a calm morning shopping experience by turning TV walls to static non-moving images, silencing radios, and dimming store lights.
Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
