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Mar 2, 2021 Urban Outfitters in Waikiki - SES file photo SPONSOR The Urban Outfitters chain has lost two senior executives in the space of about six weeks. Urban Outfitters is part of Urban Outfitters Inc., which also operates Free People and Anthropologie. On Jan. 12, the company announced that Trish Donnelly, CEO of the Urban Outfitters Group, was leaving to pursue a new opportunity. She is the new CEO of PVH Americas and will oversee the Calvin Klein and Tommy Hilfiger brands. At the time the company announced Donnelly’s departure, Urban Outfitters said Chief Merchandising Officer Gabrielle Conforti was being promoted to President of Urban Outfitters North America. ....
Crystal Cox/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Though the apparel industry has been especially hard hit by the pandemic, Nuuly URBN s monthly clothing rental service has managed to stay afloat thanks to doubling down on casual apparel and leisurewear. Nuuly s purchase rate for rented items has increased by 50% since the pandemic began, and though its subscriber base has ebbed and flowed, the company saw an influx of paused accounts return to the service over the summer. People are going to come out of COVID with an appreciation for new experiences and an appreciation for new consumption patterns, said Nuuly President Dave Hayne about the future of rental. They re going to be eager to go see friends and have experiences, and those things line up really nicely with the idea of rental. ....