Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

M&S joins clothing rental revolution through Hirestreet trial

by
November 16, 2021
in Investing
0
M&S joins clothing rental revolution through Hirestreet trial
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Marks and Spencer has made a range of womenswear available to rent ahead of the Christmas party season, as the industry moves to address sustainability concerns around fast fashion.

The retailer said it was leasing dozens of products, including dresses from its X Ghost collaboration, under a trial with Hirestreet.

The platform is operated by the Zoa Group, which M&S has previously invested in through its Founders Factory Joint Venture programme.

It said the collection items, which have selling prices of between £69 and £299, would be available to rent on Hirestreet from £13 for four days.

The initiative comes amid pressure from MPs for retailers and manufacturers to end the era of throwaway fashion and follows Harrods in offering a clothing rental option.

A report by the Environmental Audit Committee (ECA) into clothing waste and sustainability in 2019 had recommended a charge on each item bought to fund recycling.

It had found that £140m worth of clothes are sent to landfill in the UK each year – the highest sum in Europe.

M&S made the announcement as it continues to chart a transformation of the business following years of decline for its female fashion offering.

Its latest set of results suggested there was evidence of a turnaround – driven by online sales.

Commenting on the rental approach, M&S chief operating officer Katie Bickerstaffe said “Clothing rental is a growing market and working with Hirestreet through our Founders Factory joint venture gives us a huge opportunity to learn from the leading start-up in this space, operate in an agile way and better understand what our customers want from rental services.

“As we grow M&S clothing, we want to be more relevant more often and we know customers are increasingly interested in the circular fashion economy.

“Our partnership with Hirestreet means we are putting M&S clothing in front of new customers and our first rental edit doesn’t just showcase the style we have on offer, it also highlights the value and quality of clothing that is made to last.”

Read more:
M&S joins clothing rental revolution through Hirestreet trial

Previous Post

Secrets of Success: Randel Darby, CEO and Founder AirPortr

Next Post

Made in Britain: Digital community platform, Rest Less

Next Post
Made in Britain: Digital community platform, Rest Less

Made in Britain: Digital community platform, Rest Less

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

0

0

0

0
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025
Bank of England governor urges UK to rebuild EU trade ties as key summit looms

Bank of England governor urges UK to rebuild EU trade ties as key summit looms

May 9, 2025
The Power of No: Why, When and How to Say It

The Power of No: Why, When and How to Say It

May 9, 2025

Recent News

In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025
Bank of England governor urges UK to rebuild EU trade ties as key summit looms

Bank of England governor urges UK to rebuild EU trade ties as key summit looms

May 9, 2025
The Power of No: Why, When and How to Say It

The Power of No: Why, When and How to Say It

May 9, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.