Fast Company

“Clothing rentals have gone from something a

-

couple of startups were doing to something being adopted by old-school retailers,” says Caastle founder and CEO Christine Hunsicker. She would know: In 2012, she launched Gwynnie Bee, a subscripti­on service that now offers clothing rentals from more than 150 labels in sizes 0 to 32. But Hunsicker saw even more opportunit­y in helping retailers and clothing brands create their own rental services. Her two-year-old Caastle logistics platform integrates with companies’ inventory systems and manages the entire rental process on their behalf, from warehousin­g and cleaning garments to gathering feedback from customers about how an item fits. Hunsicker’s pitch is simple: “We help brands strengthen their relationsh­ip with the customer,” she says. While most people typically buy only a handful of things from a label each year, Caastle has found that, through rental, they’ll wear up to 100 items from a brand—and are more inclined to remain loyal when they do make purchases. As Caastle signs on customers, it’s bringing the rental ethos to new demographi­cs. In the past year, it partnered with American Eagle to power the first rental service aimed at Gen Z, Scotch & Soda to launch the first men’s rental service, Bloomingda­le’s for the first rental service from a department store, and Banana Republic. (Caastle also launched Haverdash, its own multibrand rental service for women and the most affordable one on the market, at $59 a month.) “It’s not about moving the customer away from retail and into rental. It’s about integratin­g the offerings,” says Hunsicker, who is beginning to experiment with physical spaces: Caastle-powered pop-ups will open next year in select Express stores.

Newspapers in English

Newspapers from United States