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 Used – Quartzy
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 Services – Ad 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 Fashion – GreenBiz
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.