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.
The British department store is expanding a service it first introduced in-store last year in partnership with rental platform HURR Collective.
Selfridges Rental will launch online on May 7, giving shoppers access to a curated selection of new season womenswear, menswear and accessories available to rent for up to 20 days. The edit will include pieces from Jacquemus, Ganni, Off-White and Dries van Noten; prices for a four-day rental will begin at £20 (around $28).
The move comes as lockdown restrictions in the UK ease, with many retail analysts projecting an upsurge in demand for categories such as occasion wear, a core offering for most rental players. Selfridges partnered with HURR to launch in-store rental services last year as a part of Project Earth, its five-year sustainability plan that also included a pre-loved fashion selection, beauty packaging recycling and an in-store product repair concierge.
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.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
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.