Tag: Rent
Landsec collects 60% of rent
Landsec collected 60% of rent owed on the last quarterly rent day of 24 June, but said only 29% of its retail clients paid within the five day time frame. This compares to Landsec collecting 94% of rent at the same time in 2019. It owns retail spaces such as The Galleria shopping centre in …
Nordstrom tells landlords to expect just half their rent until January 2021
Dive Brief: Nordstrom June 3 notified landlords of its full-line and off-price Rack stores that it will pay only half the occupancy costs for the remainder of the year, according to a letter from President of Stores Jamie Nordstrom to property owners, which was obtained by Retail Dive. A Nordstrom spokesperson didn’t immediately respond to …
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Nordstrom and Rent the Runway taking partnership to a new level
Get great content like this right in your inbox. Subscribe With the fashion rental market growing, an online retail upstart and a heritage department store are combining forces in an ambitious new initiative to “shape the future of retail.” Rent the Runway, which pioneered the concept of online apparel subscription rental and Nordstrom are launching …
Nordstrom and Rent the Runway taking partnership to a new levelRead More
Report: Rent the Runway returns to normal operations
Get great content like this right in your inbox. Subscribe Rent the Runway is reportedly once again accepting new orders and customers. According to Recode, the fashion rental pioneer has ended an almost one-month-long interruption in its regular business as of Tuesday, Oct. 8. This is one week ahead of a previously announced target date …
Report: Rent the Runway returns to normal operationsRead More
Rent the Runway stops taking new customers, new rental orders — temporarily
Get great content like this right in your inbox. Subscribe A system upgrade at Rent the Runway is taking a big toll on the company’s business. The fashion rental pioneer has put a temporary hold on accepting new subscribers and new event rentals after a tech system upgrade in its warehouse caused some orders to …
Rent the Runway stops taking new customers, new rental orders — temporarilyRead More
Report: Rent the Runway cites warehouse system in service issues
Get great content like this right in your inbox. Subscribe The fashion rental pioneer is reportedly facing widespread complaints of late and missed deliveries. According to an article original published Sept. 24 on Recode, within the past week or so hundreds of customers have been posting about canceled deliveries and three-hour-plus customer service wait times …
Report: Rent the Runway cites warehouse system in service issuesRead More