Saks OFF 5TH, the premier luxury off-price destination, has partnered with Rent the Runway, the largest shared designer closet, to provide Saks OFF 5TH customers access to pre-owned designer fashion for the first time directly from Rent the Runway.
A curated collection of pre-owned merchandise from Rent the Runway is now available on SaksOFF5TH.com, spanning hundreds of styles from more than 60 designer brands. Customers can browse items for work, vacation, date night and more all 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.”
A recent survey conducted with Saks OFF 5TH customers revealed that more than 70 percent of respondents previously purchased pre-owned clothing, shoes or accessories. Furthermore, 80 percent of those customers indicated that they want the opportunity to purchase pre-owned fashion directly from Saks OFF 5TH. To cater to its customers and provide a seamless experience, SaksOFF5TH.com will now feature a dedicated ‘pre-owned’ section that will highlight Rent the Runway’s extensive inventory assortment so shoppers can find items with ease.
“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.”
Today, Rent the Runway customers can rent à la carte, subscribe to fashion or shop resale. This partnership with Saks OFF 5TH is an extension of Rent the Runway’s existing resale offering, which broadens RTR’s funnel of potential customers and offers consumers another way to experience its designer inventory.
All items have been deemed ‘excellent condition’ by Rent the Runway and will be identified on SaksOFF5TH.com by a Rent the Runway-specific badge. Rent the Runway’s garment science team uses data to optimize cleaning programs and methods to increase garment longevity. By purchasing pre-owned styles from the Rent the Runway assortment, Saks OFF 5TH customers will be contributing to a more circular fashion economy.
*The reference price for Rent the Runway items is either the original manufacturer’s suggested price that retailers sell the item in new condition, or is otherwise based on an evaluation of prices for new comparable merchandise sold elsewhere in the marketplace.