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Global Fashion Recommerce Market Report 2021 Featuring Depop, Rent the Runway, & thredUP - ResearchAndMarkets.com

·2-min read

DUBLIN, September 16, 2021--(BUSINESS WIRE)--The "Fashion Recommerce: Clothing Rental and Resale are Helping to Address Problems of Clothing Waste" report has been added to ResearchAndMarkets.com's offering.

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).

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.

Key Topics Covered:

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

Companies Mentioned

  • Depop

  • Rent the Runway

  • thredUP

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005835/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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