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Stock impact report

To rent or buy? What's in store for the clothing rental industry in Canada [Financial Post (Toronto, Ontario, Canada)]

Rent the Runway, Inc. - Class A (RENT) 
Company Research Source: Financial Post
“I tried going shopping at the mall, but noticed there was a scarce collection of formal dresses,” the 30-year-old said. “It was actually very surprising. It's still the pandemic-loungewear kind of vibe throughout a lot of retail stores.” The dresses she did come across were either too casual or too expensive, so she decided to rent one from a dress rental boutique, something she had never tried before. And after a positive first experience, Soares said she would definitely do it again. Clothing rental has become more mainstream over the last decade with the rise of the sharing economy, but the COVID-19 pandemic wasn't kind to these types of retailers. As pandemic restrictions lifted, however, some Canadian rental businesses saw a boost in traffic. While experts believe there is still more opportunity in the space, they are warning that growth might be subdued as Canadians change their shopping habits and priorities in an environment of hot inflation and rising interest rat Show less Read more
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