Navigating the Future of Consignment
Washington Square News
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Oct. 24, 2016
In light of the recent boom in the popularity of consignment shopping, three huge names in consignment held a panel, “Resale, Consign, Subscribe: Concepts That are Redefining How People Shop” to discuss their experiences in business, the challenges they have faced and the direction in which they believe retail is headed.
Le Tote Launches Four New Subscription Offerings
Business Wire
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Sept. 28, 2016
Le Tote, the fashion rental service for everyday style, today announced the launch of four new membership offerings featuring tiered pricing and clothing-only alternatives.
Thanks to This Website, You Won't Be Completely Broke at the End of Wedding Season
InStyle
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June 21, 2016
This is where LeTote.com comes in to make things a bit easier and not so financially burdensome on you. This fashion subscription service lets you borrow clothing and accessories for $59/month, and you can keep the items for as long as you want. It’s pretty much a bottomless wedding season wardrobe that won’t break the bank.
Tired of Your Work Wardrobe? Rent Fresh Looks for (Much) Less
Wall Street Journal
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May 24, 2016
Last fall, Meredith Nikkel felt underwhelmed by her work-wardrobe choices. The Sacramento, Calif., attorney, 35, heard about Le Tote, an online service where users create a virtual wish list of clothing and accessories to rent. At $59 a month, the price seemed fair, so Ms. Nikkel signed up as an experiment—a stylishly successful one, as it turned out.
Could Rental Businesses Fix the Maternity Fashion Market?
The Business of Fashion
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Dec. 9, 2015
“More and more people are realising that that’s how we will consume in the future. People are comfortable wearing things one, twice, and then moving on,” says Rakesh Tondon, founder of online clothing rental service Le Tote, which launched maternity wear earlier this year.
Pregnant Ladies, Rejoice: You Can Now Rent Maternity Clothes
Fast Company
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Oct. 13, 2015
When Le Tote launched in 2012, it offered "mystery boxes" of clothing that women could keep and return at their leisure, like Netflix discs, for a monthly subscription fee. Eventually, Tondon added the ability to purchase items, which now makes up a significant amount of the startup’s revenue, and also to choose the clothes in each box. Three years later, the company has more than 20,000 subscribers, and most of them fit into the demographic that is most likely to be pregnant and willing to spend money on maternity clothing.
LE TOTE Announces Move into Maternity Clothing
Business Wire
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May 11, 2015
LE TOTE, the fashion rental subscription service for everyday clothing and accessories, today announced its plan to expand its service to offer maternity clothing. In response to high customer demand, the company today opened a waitlist so women can sign up for early access to LE TOTE Maternity, which will be available this fall.
Clothing Rental Startup Le Tote Lands $8.8M in Funding
TechCrunch
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Feb. 5, 2015
Le Tote has snapped up a hearty new Series A funding round worth $8.8 million led by Azure Capital Partners. Also pitching into the round were Lerer Hippeau Ventures, Simon Venture Group, AITV, Epic Ventures, Arsenal Venture Partners and FundersClub.
Backed By A16Z, Google Ventures And Others, Le Tote Is A Personalized Fashion Stylist For Everyday Wear
TechCrunch
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July 31, 2013
There are way too many instances when I purchase a clothing item, wear it once and then leave it neglected and relatively unworn in the back of my closet as I have moved on to the newer, shinier, trendier item. Le Tote, a new Y Combinator-backed startup, is launching to let shoppers like me have my cake and eat it, too. Le Tote is a fashion rental service for women’s apparel and accessories, but with a twist.
LE TOTE: Like Netflix Or Airbnb For Fast Fashion
Fast Company
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Nov. 7, 2012
Whatever you may think of fast fashion--that sharp, available, relatively inexpensive class of almost-disposable clothing and accessories--it's tough to avoid its allure in a pinch. But then the thrill fades (if not the garments themselves). And that stuff that got you excited just a few wears ago turns into closet detritus.
Clothing Rental Startup Aims to be 'Netflix for Fashion'
Mashable
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Aug. 24, 2012
Exchange your outfit for another at any time. The average American buys 64 pieces of clothing per year. Driving that impressively high number are "fast fashion" retail chains like Forever21 and H&M, which produce trendy clothing meant to be worn a handful of times and then disposed of.
Should Women's Fashion Go The Way Of Netflix?
BuzzFeed
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Aug. 14, 2012
Raskesh Tondon and Brett Northart were tired of hearing the women in their lives complain not having anything to wear, despite their extensive wardrobes.
“My wife has this problem where she has a closet full of clothes but says she has nothing to wear,” Tondon says.
LE TOTE launches the Netflix of fashion clothing
Venture Beat
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Aug. 3, 2012
A new outfit, as often as you want it, with accessories, for only $49/month.
That’s what new fashion rental startup LE TOTE is offering young urban women. And the founders are hoping that women’s rich history of sharing clothes will make the company as successful as some other rental successes.
