Clothing rental market is generating billions of dollars a year

It's a growing craze that's helping retail stores evolve and helping people save money.

More and more retailers are offering clothing rentals. Shoppers can rent from three to six items at a time with the option to buy the item or send it back at the end of the month. The rental apparel market is growing fast, valued at $1 billion dollars in 2018, and is projected to surpass $2.5 billion by 2023.