Fashion Rental: Smart Business or Ethical Folly?

Abstract

The research presented here illustrates the spectrum of fashion rental PSS firms and business strategies within the New Zealand fashion rental market. The evidence collected suggests that there is a market for fashion rental; however, this market is underdeveloped in regard to its potential as a benefit exchange medium that encourages alternative consumption practice. This study finds that there is, indeed, enormous potential in PSSs as a means to divert fashion-conscious consumers away from ownership behaviours; however, the current systems fall short of this goal. This study offers a taxonomy to create and develop fashion rental PSSs that achieve central aims of circular economy fashion systems, enhancing the collective, social aspects of access, value-sharing and continuing development of mutual gain within the system. It is anticipated that this taxonomy could be further refined and extended through research in other countries, including those with more established, larger fashion rental organisations. Further, there is potential for action research approaches to the design and analysis of alternative fashion rental PSSs.