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Fashion Recommerce: Clothing Rental and Resale are Helping to Address Problems of Clothing Waste

  • PDF Icon

    Report

  • 22 Pages
  • August 2021
  • Region: Global
  • Textiles Intelligence Ltd.
  • ID: 5423286

FEATURED COMPANIES

  • Depop
  • Rent the Runway
  • thredUP

Apparel recommerce is gaining share from traditional online apparel retailing as Gen Z consumers embrace new shopping formats--such as resale and rental--which offer affordability, accessibility, sustainability and social interaction. In addition, retailers are being driven to adopt rental and resale business models faster than ever before as a result of pressures by apparel industry professionals, environmental organisations 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 because doing so requires significant investment, and the reselling and renting of products pose a complex logistical challenge.


This report provides an overview of the recommerce market and includes profiles of three pioneers in recommerce, namely Depop, Rent the Runway, and thredUP. Also, it considers a number of solutions to the challenges faced by brands in adopting rental and resale formats, including employing third-party companies which offer resale as a service (RAAS).


FEATURED COMPANIES

  • Depop
  • Rent the Runway
  • thredUP


SUMMARY
INTRODUCTION
  • Apparel recommerce market
  • Apparel resale market
  • Apparel rental market
  • Reasons for the growth of the recommerce market
  • Social commerce
  • Affordability and accessibility
  • Sustainability
  • Challenges for brands


DEPOP
  • Functionality and logistics
  • Business development
  • Corporate ethos, mission and strategy


RENT THE RUNWAY
  • Functionality and logistics
  • Business development
  • Corporate ethos, mission and strategy


THREDUP
  • Functionality and logistics
  • Business development
  • Corporate ethos, mission and strategy


OUTLOOK

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  • Depop
  • Rent the Runway
  • thredUP