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Shifting Business Models in Fashion
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Rent the Runway and Stitch Fix are adapting their business models to retain customers amidst changing consumer needs and economic challenges. Rent the Runway is focusing on top designer brands and resale strategies, while Stitch Fix is shifting towards private brands and cost-saving strategies to increase profitability.
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How are other fashion retailers adapting to the changing consumer needs and economic challenges?
How might the shift towards private brands and cost-saving strategies impact the fashion industry?
What strategies could Rent the Runway and Stitch Fix employ to attract more subscribers in the current economic environment?
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