The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Shoppers on the Gen-Z resale app will be able to buy pieces from brands including Rixo, Stine Goya and L.K. Bennett that have previously been rented at least 20 times on Hurr’s platform, at a discount of up to 80 percent. The first “drop” of 100 pieces launched August 4.
London-based Hurr runs a mix of peer-to-peer rental services and managed stock with brand partners, carrying inventory worth over £3 million (about $4.2 million). In addition to its website and app, the company has a physical presence in two Selfridges department stores. Hurr’s partnership with Depop marks its first foray into the fast-growing resale space, where there is proven investor and M&A appetite. In June this year, Depop was acquired by fellow peer-to-peer marketplace Etsy for $1.6 billion.
Learn more:
Resale or Rental: Where Should Brands Place Their Bets?
This week, luxury titans Kering and Ralph Lauren signalled growing interest in new ‘sharing economy’ consumption models.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
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The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.