Summit Trend in the News: Well Fashion — Way Beyond Athleisure

Seriously, Why Aren’t You Renting Your Clothes?The Cut
Since 2013, fashion rental has blossomed. In perhaps the most symbolic recent news, upstart clothing rental platform Le Tote just bought department store grand dame, Lord & Taylor. Companies from Ann Taylor to Bloomingdale’s have launched subscription models. If you’re only going to wear that leopard skirt for one season, why aren’t you renting?

There’s Never Been a Better Time – Or More Need – To Buy Your Clothes UsedQuartzy
It used to take a lot of searching and know-how to buy used luxury…but in just a few years, amazing new peer-to-peer fashion marketplaces have been born with a huge selection of used clothes and shoes—every brand, at every price-point.

Why Retailers Are Investing in Clothing Rental ServicesAd Age
Rent the Runway is the goliath wardrobe rental company, but with millennials really pushing the “end of ownership” movement into clothes, it suddenly has a bunch of new competitors. Nuuly, Urban Outfitters’ new subscription offering, just debuted—while Armoire, targeting professional women too busy to shop with a rental program, is expanding.

What the Unicorn IPO of The RealReal Says about the Circular Economy for FashionGreenBiz
Online luxury consignment platform The RealReal is a unicorn: After its IPO this spring, its shares were trading for around $2.5 billion. Wall Street seems to like the circular economy model with the secondhand retail market set to outgrow conventional fashion by 2028.

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