| Here's a question for you: Would you rather pay full price for that holiday office party outfit you'll only wear once? Or would you rather rent a designer ensemble for a fraction of the price – no closet space required? For consumers with expensive tastes but shrinking budgets, clothing rental services like Rent the Runway (RENT) seem like a no-brainer. The concept is solid. And it's proved popular. During its last quarter, Rent the Runway subscribers hit a record high. The only problem is that RENT – along with leading competitor, Stitch Fix (SFIX) – has yet to be profitable. But I can show you an up-and-comer that is... It's called Nuuly. Like those other brands, Nuuly is a subscription-based clothing rental service that allows customers to rent multiple fashion items for a fixed monthly fee. 
It offers a cost-effective way to enjoy a diverse and constantly rotating wardrobe without incurring the full expense of buying new outfits. 
Unlike those other brands, though, Nuuly is raking in the dough. For the quarter ended October 31, 2023, Nuuly's gross profit was $17 million – more than double what it made during the same period last year. The best part? Nuuly's success is driving brand awareness and sales for its parent company, Urban Outfitters (URBN) – and that's an opportunity you can invest in today... Click here to continue reading Until next time, | 
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