Startups see market in renting couches to on-the-move millennials


Joseph Pisani, AP Retail Writer
Published 1:43 p.m. ET Jan. 19, 2020

New York – Zachariah Mohammed’s living room is filled with stuff he doesn’t own.

He pays $200 a month for the sofa, side table, bar cart, dining table and four chairs in his living room. It’s worth it, the 27-year-old New Yorker says. If he needs to move, which he’s done twice in the last 12 months, he won’t need to lug a sofa across the city or worry if it will fit in a new place. The furniture-rental startup, Feather, will swap out items for something else.

“We don’t want to be stuck with a giant couch,” says Mohammed, a social media manager at a software company, who lives with his partner and their dog, Remy.

Feather, Fernish and other companies aim to rent furniture to millennials who don’t want to commit to big purchases or move heavy furniture and are willing to pay for the convenience. It’s part of a wave of rental culture that includes Rent the Runway, focused on women’s designer clothing, and even Netflix and Spotify, which let you stream from a huge catalog rather than buy individual TV show episodes, movies or songs.

“They’re moving a lot. They’re changing jobs a lot,” says Thomas Robertson, a marketing professor at the Wharton School of the University of Pennsylvania, describing…



www.detroitnews.com

Related posts

Related Posts

Next Post

Leave a Reply

avatar
  Subscribe  
Notify of

RECOMMENDED NEWS