Used clothes is sizzling proper now.
Corporations like Hire The Runway, The RealReal, Farfetch and Rebag make it simple for customers to get their arms on hard-to-find designer items at a fraction of the worth. There’s additionally ThredUp, Vestiaire Collective, StockX, Poshmark, My Wardrobe HQ, Tradesy and GOAT, amongst others, for customers to select from. Prospects should buy classic or simply borrow for so long as they like.
The shift towards minimalism and Marie Kondo-ing every little thing — particularly amongst youthful customers — additionally makes resale interesting. So does the push for sustainability.
A Fendi Baguette purse from The RealReal.
Even conventional retailers are getting in on the motion, betting rental companies will entice new customers whereas giving loyal prospects extra choices.
On Tuesday, City Outfitters unveiled the soon-to-be launched subscription service Nuuly. Consumers can borrow as much as six items from the retailer for $88 a month.
“Over the years, [Urban Outfitters] has observed several trends impacting consumer’s shopping behaviors,” the corporate mentioned in a press release. “Curiosity in sharing-economy platforms and recurring subscription relationships has grown throughout industries. In attire, the Millennial shopper, particularly, is searching for out platforms that present novelty, selection and breadth, whereas additionally supporting sustainability. Nuuly seeks to
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