PYMNTS-MonitorEdge-May-2024

Rental

Rent the Runway Struggles to Meet Soaring Consumer Demand
Rent the Runway Struggles to Meet Soaring Consumer Demand
September 11, 2023  |  Retail

As consumers increasingly prioritize mindful consumption across various facets of their lives, rentals have emerged as a popular means of accessing new styles without the...

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Entrepreneurs Aim to Create Airbnb of Rental Cars
Entrepreneurs Aim to Create Airbnb of Rental Cars
July 23, 2023  |  Commerce Connected

Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to...

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Peloton Embraces Rental Model After Founders Exit
Peloton Embraces Rental Model After Founders Exit
September 13, 2022  |  eCommerce

Less than 24 hours after the announcement that two co-founders had left the company, connected-fitness pioneer Peloton unveiled a new nationwide rental program Tuesday (Sept....

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H&M, Iablaco Partner on Blockchain-Based Clothing Rental Service
H&M, Iablaco Partner on Blockchain-Based Clothing Rental Service
October 19, 2021  |  Retail

Clothing retailer H&M’s Mitte Garten location and circular fashion platform Iablaco on Tuesday (Oct. 19) debuted a rental service that capitalizes on the emerging connected...

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After Explosive European Growth, Grover Brings Tech Rental Service to US
After Explosive European Growth, Grover Brings Tech Rental Service to US
September 21, 2021  |  Retail

Consumer electronics rental service Grover is expanding across the Atlantic to the U.S., aiming to give more Americans access to the latest technology without the...

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Penske Truck Rental Debuts Consumer App
Penske Truck Rental Debuts Consumer App
July 19, 2021  |  Mobile Applications

Penske Truck Rental, with a new mobile app, intends to streamline the experience for renters with “flexibility, expert advice, moving tips, greener moving options and...

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Zillow Reports More Long-Term Rental Requests
Zillow Reports More Long-Term Rental Requests
June 05, 2020  |  Real Estate

Rental company Zillow said on Thursday (June 4) that it was experiencing more requests for long-term rentals instead of the short-term ones it is usually...

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Airbnb Sees 40 Percent Drop In Bookings; Delays IPO
Airbnb Sees 40 Percent Drop In Bookings; Delays IPO
March 13, 2020  |  Coronavirus

The toll of the coronavirus on businesses has hit everything from tourism to large gatherings like concerts and conventions. With those goes the value of...

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Rent The Runway Expands Subscription Types
Rent The Runway Expands Subscription Types
March 04, 2020  |  Retail

Rent the Runway, a company that lets people order clothes and then return them, is adding a new tier to its subscription offerings in an...

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