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...

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...

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

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...

Retail

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...

Retail

Kidswear brand Newbie to launch on rental service Hyber

KappAhl’s brand Newbie is strengthening its position as a supplier of affordable and responsible kidswear by offering a selection of its range to rent via Hyber. The move is part of KappAhl’s commitment to be more sustainable and circular, explained the brand in a statement, while also making their clothing available to more people, while “...

Retail

H&M launches its first rental service in the US with ONE/SECOND/SUIT

Swedish fast-fashion brand H&M has launched its first-ever sustainable rental initiative in the US, called ONE/SECOND/SUIT, offering a free suit rental. The program initially launched in the UK on April 15, 2021, and is now available in the US for a trial period of three months. The initiative aims to increase confidence in a job interview...