Otto and Media Markt Lead the Way: The New Trend is Renting Instead of Buying
First, the major German mail-order company Otto launched its rental service for customers. This new business model allows Otto customers to rent many of its products for a set period instead of purchasing them outright. A similar approach is being taken by Media Markt Management AG, which operates the well-known Media Markt and Saturn stores. The rental price includes delivery to your home and collection when you’re done, with a minimum rental period of three months for all products. There’s no maximum rental duration, and every returned product...