Some Like it Haute— and Cheap

'Netflix rental scheme' delivers high-fashion frocks
By Mary Papenfuss,  Newser Staff
Posted Nov 9, 2009 4:25 AM CST
Some Like it Haute— and Cheap
Model poses for new Internet site that allows customers to rent high fashion they same way they rent Netflix DVDs.   (Rent the Runway)

Budget-minded entrepreneurs are utilizing the strategy of Netflix in high fashion. Now working girls can afford some of the priciest haute couture frocks by renting them on the Internet. The new mail-order service, Rent the Runway, allows shop-aholics to rent top designer fashions for a tenth of their retail cost. Rentals run as low as $50 for four days and are delivered, just like Netflix DVDs, to the customer's door, reports the New York Times.

Fashion mavens plop the duds back in a prepaid envelope to mail back. One recent customer gushed about paying $50 to wear a $500 dress to recent wedding. Co-founder Jennifer Hyman, a graduate of Harvard business school, came up with the idea after realizing her sister was "willing to spend a good portion of her salary" on a dress for a single occasion. "I thought, there has to be a solution for this," she said.
(More business stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.