H&M is trying new things.
H&M has had its fair share controversial moments this year alone and now the company is continuing to move past such instances by announcing a clothing rental service program that will be tested out in Stockholm, Sweden, Business Fashion reports.
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According to the publication, members the retail store’s loyalty program will get access to 50 garments a month that they can rent out for up to $37 USD a week. After this three month testing period, H&M will assess all aspects the program and decide if the model can be welcomed globally. The decision to test the rental program is in an effort to work on the company’s environmental footstep, such as cutting down on the greenhouse gases that come from clothing factories.
“We have a huge belief in rental, but we still want to test and learn quite a lot and do tweaks and changes,” H&M’s head business development, Daniel Claesson stated. Other stores such as Urban Outfitters and the Banana Republic have reportedly used this model before.
In other H&M updates, earlier in the summer the company reportedly had $4.3 billion worth unsold clothing. We can only hope the apparel was donated to charity or put to good use.