Saks Off 5th partners with Rent the Runway to offer pre-owned fashion
Luxury off-price retailer Saks Off 5th announced on Thursday a new partnership with Rent the Runway to provide Saks Off 5th customers access to pre-owned designer fashion for the first time directly from Rent the Runway.
As part of the partnership, a curated collection of pre-owned merchandise from Rent the Runway is now available on Saksoff5th.com.
Online customers will find a dedicated 'pre-owned' section that highlights the assortment so shoppers can find items with ease. The collection spans hundreds of styles from more than 60 designer brands, all available at up to 85% off.
"At Saks Off 5th, we're focused on providing access to designer fashion at an incredible value and we continue to look for innovative ways to expand our offering and deliver on that promise for our customers," said Paige Thomas, president and CEO, Saks Off 5th.
"Through this unique relationship with Rent the Runway, we're introducing new brands, providing exceptional deals and offering pre-owned apparel from a trusted partner that resonates with our customers."
The partnership follows a recent survey conducted with Saks Off 5th customers, which revealed that more than 70 percent of respondents previously purchased pre-owned clothing, shoes or accessories. The survey also revealed that 80 percent of those customers want the opportunity to purchase pre-owned fashion directly from Saks Off 5th.
This partnership with Saks Off 5th is an extension of Rent the Runway's existing resale offering, broadening its funnel of potential customers.
"This partnership with Saks Off 5th bolsters and reinforces Rent the Runway's mission to introduce an even wider audience to the immense value–both environmental and financial–of pre-loved fashion," said Jennifer Hyman, CEO and co-founder, Rent the Runway.
"Whether renting or shopping resale, the secondhand economy is a critical part of creating a more sustainable future for our industry. Saks Off 5th is known for offering incredible designer goods at great prices, which is a fantastic launch pad to educate more consumers, and help to extend the life of these garments."
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