Working Woman Report News Brief (4/8/14)

CALIFORNIA REMAINS HOME TO THE GREATEST NUMBER OF WOMEN-OWNED BUSINESSES IN THE NATION AND IS THE ONLY STATE TO SURPASS THE 1 MILLION MARK, THAT’S ACCORDING THE 2014 STATE OF WOMEN-OWNED BUSINESSES REPORT — BY AMERICAN EXPRESS,. THE REPORT ESTIMATES THAT THERE ARE MORE THAN 1.1 MILLION WOMEN-OWNED FIRMS IN THE STATE, EMPLOYING 984,000 PEOPLE. THERE ARE AN ESTIMATED 9.08 MILLION WOMEN-OWNED FIRMS NATIONWIDE.

ONE OF THOSE WOMEN OWNED BUSINESSES IS STYLEND WHICH IS OWNED AND OPERATED BY FASHION MODEL LONA DUNCAN. THE BASIC IDEA BEHIND STYLELEND IS TO RENT DRESSES FROM ANOTHER PERSON’S CLOSET OR RENT OUT YOUR OWN. FOR NOW, IT’S LIMITED TO HIGH-END DRESSES AND OPERATES EXCLUSIVELY OUT OF SAN FRANCISCO. WHEN USERS FIND DRESSES THEY LIKE, STYLELEND PICKS IT UP FROM THE OWNER AND DELIVERS IT. IF IT FITS, 10 PERCENT OF THE DRESS’ RETAIL PRICE COVERS A WEEKLONG RENTAL. AT THE END, STYLELEND PICKS IT BACK UP, DRY CLEANS IT AND RETURNS IT TO THE OWNER. FOR THE COMPANY’S SERVICE, IT TAKES A 50 PERCENT CUT. FOR MORE ON THESE STORIES AND MUCH MORE SIMPLY HEAD TO OUR WEBSITE www.workingwomanreport.com

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