Browns is Exploring the Sharing Economy with Fashion Rental Service Armarium
Laura McQuarrie — July 4, 2018 — Business
References: armarium & thecurrentdaily
Browns, a fashion boutique based in London, England, is now partnering with luxury rental service Armarium to give consumers the chance to get high-end fashions on loan for two weeks. For the Browns x Armarium partnership, a pop-up space has been set up in-store at Browns' South Molton Street flagship location. As such, shoppers will be able to access pieces from Armarium's inventory, alongside items from Browns.
After the pop-up, consumers will still be able to rent a select number of designer pieces from Browns via Armarium.
As well as tapping into the popular sharing economy movement and expanding the lifecycle of in-store stock, this partnership fuses the world of high-end fashion with sustainability and convenience, as consumers are easily able to enhance their wardrobe with special in-season pieces only as needed.
After the pop-up, consumers will still be able to rent a select number of designer pieces from Browns via Armarium.
As well as tapping into the popular sharing economy movement and expanding the lifecycle of in-store stock, this partnership fuses the world of high-end fashion with sustainability and convenience, as consumers are easily able to enhance their wardrobe with special in-season pieces only as needed.
Trend Themes
1. Fashion Rental Services - The partnership between Browns and Armarium highlights the trend of luxury fashion rental services, providing opportunities for disruptive innovation in the sharing economy.
2. Pop-up Collaborations - The Browns x Armarium pop-up space demonstrates the trend of temporary collaborations, opening up possibilities for disruptive innovation through unique retail experiences.
3. Sustainable Fashion - The focus on enhancing wardrobes with in-season pieces only as needed reflects the trend towards sustainable fashion, presenting opportunities for disruptive innovation in the industry.
Industry Implications
1. Fashion Retail - The partnership between Browns and Armarium in offering high-end fashion loans highlights potential disruptive innovation opportunities in the fashion retail industry.
2. Sharing Economy - The collaboration between Browns and Armarium taps into the sharing economy, creating potential for disruptive innovation in the industry by expanding the concept of luxury sharing.
3. Sustainable Fashion - The focus on sustainability in the fashion industry, as showcased by the partnership between Browns and Armarium, reveals opportunities for disruptive innovation in the sustainable fashion industry.
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