So, as predicted, there is now more and more fashion rental concepts forming and since 2018 more businesses launching in this space. We have a very long term vision built into our company and brand; as well as long term original solutions to core dilemmas people may face in their fashion curation. We are experimenting with customizing wardrobe bots, our AI stylist bot, how better we can expand the rental platform internationally as well as some AR additions to the company in the future. The fashion rental space will really become more and more of a thing in the world, and not just for our everyday lives like how Rent the Runway led the way with it’s original concept and is now a subscription led business model, but now the playing field within fashion rental will become vast.. from Loanhood, to RentmyWardrobe, to the Wardrobe as well as many others that all have slightly varying concepts and mission statements built around what they are doing.
When it comes to the startup world your ideas have to be sound and solid. It has to hold up to ALL kinds of scrutiny towards investors, customers, partners, advisors and the like. Fashion Rental is actually an incredibly vast and creative world and my hopes with bringing our more niche and innovative concept to the public and with our Partners Program is to help not only maintain a very sustainable brand but also bring clothing items from designers celebrities and influencers into the spectrum of allowing fans the ability to access clothing they previously never really could.
We do believe in peer to peer sharing of fashion. But we also put heavy emphasis on customer experience and if the entire design and product to door flow is a luxury experience and a service based platform that is truly customizable by us. Having full customization and being a service based platform with our Partner Program is one of our best growth advantages and something I think internationally we will fully excel at.
In about 5 years fashion rental will become more of a norm for people
and our next generations of how to do fashion better and how to be more green.