StyLend Will Allow Users to Lend Their Clothes for a Bit of Money
Michael Baxter — March 12, 2014 — Business
StyLend is helping all shoppers who may have some clothes collecting dust in their closets make some extra money while also helping others with their style. The platform allows users to set up a listing and lend out their clothes to those who bid for them.
It's not unusual for people to buy something, wear it once or twice and then forget about it. These clothes could go to good use for other people in need of a fresh injection of style and if the buyer can make some money off of it, that's even better.
StyLend also has two options for delivery. Users can forego using the site and send the items off themselves or they can have StyLend do all the extra work for them for a small price.
It's not unusual for people to buy something, wear it once or twice and then forget about it. These clothes could go to good use for other people in need of a fresh injection of style and if the buyer can make some money off of it, that's even better.
StyLend also has two options for delivery. Users can forego using the site and send the items off themselves or they can have StyLend do all the extra work for them for a small price.
Trend Themes
1. Clothing Swap Social Apps - Creating a peer-to-peer clothing exchange system powered by a social app could disrupt the fashion industry's traditional retail model.
2. Sharing Economy Fashion - Leveraging the sharing economy in fashion could challenge fast fashion and traditional retail.
3. Sustainable Fashion Marketplace - Building a sustainable fashion marketplace that incentivizes circular economy practices could disrupt the fashion industry's linear supply chain.
Industry Implications
1. Fashion Industry - The fashion industry can leverage the peer-to-peer lending model to create a new revenue stream and extend the lifecycle of clothes.
2. Sharing Economy - The sharing economy can expand into the fashion industry, enabling more sustainable and cost-effective methods of acquiring trendy clothing.
3. Sustainability Industry - Sustainability industry players can explore innovative ways of reducing fashion waste and extending the lifecycle of clothes through a sharing eco-system.
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