Castle Changing News Today

This is staying connected with xfinity to make moving. Simple. Easy. Awesome. Stay connected while you move with the best wifi experience and twohour appointment windows. Click, call or visit a store today. Good morning. Coming up on your business. Clothing rentals. Christine, founder of begin i b finds out thats how well fill our closets. Terry crews adds business startup to his lineup. If youve used a public bathroom and the door wouldnt close, you want to see the elevator pitch. Will our shop...

A new revenue model. her thought? we rent so many other things, cars from uber, rooms through airbnb, why not clothing? >> when you launched this company, you said you can rent your clothes. what was the response? >> crickets were chirping. >> this wasnt a surprise. christine knew shed have to educate the consumer. thats why gwynnie bee existed. this company which she put millions of dollars into was a proof of concept. >> the first pitch step has a platform. its going to take us a little while ...

Company castle changing the face of clothing rental and making it a turnkey service for all. >> when christine hunsaker talks about the genesis of her clothing rental company, gwynnie bee. you hardly hear the word fashion. in spite of her product, her passion is not clothing. >> my nerdy thing are marketplaces and economic models. i get excited about that. not so much whatever industry you apply that to. >> after 17 years in technology and data startup, christine wanted to do something ambitious...

This is not a replacement for ownership. this is a complement to ownership. >> im buying black pants and i see this amazing big flowered shirt that i want to buy but dont want to spend money on it. now ill rent that. >> yes. what the brands are seeing is that people are spending not only more time engaging in the brands but a significant amount of more money with the rent. >> christine and her partners have been quiet about castle. they wanted to make sure everything worked. with express, the la...

Which begs the question, why did she go through the trouble to create her own consumer brand when really she wanted to be the back end for others? >> its incredibly expensive to build out this service. you have to understand what -- you have to figure out what matters from a metrics perspective. we made a lot of mistakes, but we did that on our dime with our consumers and our inventory. >> she thinks if she went to the retailers off the bat -- >> we would have been laughed out of the room. >> by...