H&M's brand COS to test clothing rentals in China with YCloset
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STOCKHOLM (Reuters) - H&M , the world's second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally conscious consumers rein in purchases.With the three-month trial, H&M follows others in the fashion industry, such as Banana Republic of Gap Inc. and Bloomingdale's , that are lending out their clothing for a monthly rental rate as consumers become increasingly aware of the..