Global Fashion Retail Market Report 2021 with Depop, Rent the Runway and thredUP – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Fashion Recommerce: Clothing Rental and Resale Help Solve Garment Waste Problems” has been added to ResearchAndMarkets.com offer.

This report provides an overview of the recommerce market and includes the profiles of three recommerce pioneers namely Depop, Rent the Runway and thredUP. In addition, it envisions a number of solutions to the challenges brands face in adopting rental and resale formats, including employing third-party companies that offer Resale as a Service (RAAS).

Clothing recommence gains market share over traditional online clothing retailing as Gen Z consumers embrace new shopping formats – such as resale and rent – that offer affordability, affordability, sustainability and social interaction. In addition, retailers are under pressure to adopt rental and resale business models faster than ever before due to pressure from apparel industry professionals, environmental organizations and governments to contribute to the circular economy and solve the problem of clothing waste.

However, brands face a number of major challenges in entering the resale or rental markets as this requires significant investment, and the resale and rental of products poses a complex logistical challenge.

Main topics covered:

SUMMARY

INTRODUCTION

  • Clothing resale market

  • Clothing resale market

  • Clothing rental market

  • Reasons for the growth of the recommerce market

  • Social commerce

  • Affordability and accessibility

  • Durability

  • Challenges for brands

DEPOP

  • Functionality and logistics

  • Business development

  • Business ethics, mission and strategy

RENT THE TRACK

  • Functionality and logistics

  • Business development

  • Business ethics, mission and strategy

THREDUP

  • Functionality and logistics

  • Business development

  • Business ethics, mission and strategy

OUTLOOK

Companies mentioned

  • Depop

  • Rent the track

  • thredUP

For more information on this report, visit https://www.researchandmarkets.com/r/3i6mrs

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