Clothing Rental Startup Aims to be ‘Netflix for Fashion’

Le Tote

Le Tote

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. At the rate at which many young women are going through clothing, one begins to wonder: Why buy? Le Tote, a San Francisco-based startup founded (and self-funded) by Ridgecrest Capital’s Brett Nothart and Rakesh Tondon, is offering a solution to those asking that very question. For $49 per month, you can “rent” a full outfit, sans shoes, and return it for another at any time. Read the full story at Mashable.

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Shelly Palmer

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).

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