CLOTHING RENTAL news and archive

Recommerce economy nearly worth 7 billion pounds in the UK

The resale and rental ‘recommerce’ market is continuing to grow in the UK and is now worth 6.99 billion pounds and accounts for 1.6 percent of the total retail market, according to new research from Barclaycard Payments. The report, in partnership with Development Economics, reveals that 40 percent of consumers shop second-hand or rent items...

Fashion

Sandro launches UK rental service with Hurr

Parisian fashion brand Sandro is partnering with rental platform Hurr to launch its rental offering in the UK, following a successful launch in France last year. In a statement, Sandro said that it would be offering customers the opportunity to rent its current spring/summer 2023 collection, including tailoring, dresses, tops, and casual jackets...

Business

Mango invests in rental platform La Más Mona

High Street retail group Mango is investing in party dress and accessories rental platform La Más Mona through its Mango StartUp Studio accelerator. In a statement, Mango said that the investment involves financial support in La Más Mona through a convertible participation loan, as well as launching a clothing rental pilot trial on its website...

Business

Report: Clothing rental market to grow by 3 billion dollars from 2021 to 2026

Technology research and advisory company Technavio released a report on the growth of the clothing rental market, pointing out its estimated increase by 3 billion dollars from 2021 to 2026 and highlighting key findings on this development. Vendors have latched onto experiential marketing as a beneficial tool, actively involving the consumer in...

RetailFeatured

Clothing rental services to see surge in demand over festive season

Providing there will be no lockdown this festive season, clothing rental companies may see a surge in demand. New data from VoucherCodes.co.uk show 69 percent of Brits may turn to clothing rental this Christmas. While the study was relatively small with just 2,000 participants, 38 percent of participants had previously hired outfits. Surge in...

Business

Online fashion rental market to grow over 10 percent annually

The online fashion rental market is expected to grow more than 10 percent year-on-year until 2027, fueled by ever sustainability-conscious consumers, declining spending power and continuing supply chain disruption. The online garment rental market is predicted to develop as the e-commerce sector expands, notably in Asia Pacific, indicates a...

Fashion

Study shows Gen Z willingness to rent clothes

A study by Washington State University has found that Gen Z are willing to use clothing rental services in order to reduce waste. The study, conducted by Ting Chi from the Department of Apparel, Merchandising, Design and Textiles, gave insight into both the buying behaviour of Gen Z as well as the possibility of the group becoming regular...

Fashion Featured

LK Bennett launching rental service

British womenswear brand LK Bennett is launching its first monthly subscription rental service on July 27, allowing customers to rent some of its most popular pieces. The ‘LK Bennett Borrowed’ initiative, targeting a new customer base for the retailer, will allow customers to rent two ready-to-wear products at a time for 79 pounds a month....

BusinessFeatured

Kering snaps up stake in handbag rental service Cocoon

Gucci-owner Kering has invested in handbag rental service Cocoon in the latest example of the French luxury giant’s confidence in circular fashion businesses. London-based Cocoon offers its customers a variety of rental memberships starting from 49 pounds per month which they can pay for on a monthly or quarterly basis, giving them access to top...

Retail|In Pictures Featured

Rental platform Rotaro opens first retail pop-up

Rotaro, the fashion rental service focusing on sustainability, has opened its first-ever pop-up store in London. Located on Carnaby Street, Soho, the curated space will be open for two months and will house rental pieces from JW Anderson, House of Sunny, Stine Goya, Anouki, Materiel Tibilisi, and Stand Studio. Customers will be able to rent...

RetailFeatured

By Rotation to open a rental pop-up at Westfield London

Rental app By Rotation is to open the brand’s first-ever physical pop-up at Westfield London in July. By Rotation has secured a 3,300 square foot store at Westfield London to showcase the top fashion rental item from the app, alongside hosting panel discussions, workshops and sustainability masterclasses. The pop-up will run from July 1 - 12 and...

BusinessFeatured

28 Sustainability efforts of the fashion industry in May 2021

Continuing from April, there were sustainable efforts galore in May too. Now, even rivaling brands like Adidas and Allbirds shake hands when it comes to circular innovations that are best tackled together. Brands and retailers continue offering consumers more sustainable choices and it is heartening to see that young designers have more choices...