The sharing economy’s next prey? Retail

Millennials’ tendency to rent instead of buy is turning the retail industry upside down. Apparel retailers are threatened by rental startups like Rent the Runway and Bag Borrow or Steal, the former of which has started an unlimited subscription service for accessories and handbags.

Why don’t more stores have a Warby Parker-like leasing program where you could change sunglasses every season?

Grace Ehlers in the industry website The Robin Report

Business millennials