The Lauren Look takes after clothing subscription services like Rent the Runway
Subscribers get unlimited swaps on about 600 different pieces, which arrive at their homes four at a time
If they want to keep favorites, they can purchase them at a discount
Ralph Lauren dry cleans all of the items between customers and ships both ways for free
The company reported an 18% drop for the third quarter of Fiscal 2021 due in part to majorly decreased brick and mortar sales during the pandemic
Ralph Lauren also announced plans to consolidate offices and close up to 10 of its retail locations, including the Polo store on Regent Street in London