Description:
Invention Summary
Trendy is a clothing rental service that uses the internet as a medium to connect its users with online services. The application/website will allow users to browse and purchase various articles of clothing and apparel as a part of travel preparation.
Market Opportunity
According to IBISWorld, the Formal Wear and Costume Rental industry comprises establishments that engage in rental activities of formal garments including tuxedos, suits and gowns. Industry revenue has increased over the five years to 2019, backed by growth in the industry's overall customer base, including the number of college students and the number of adults aged 20 to 64.
Over the five years to 2019, industry revenue is expected to increase at an annualized rate of 1.5% to $586.5 million, combined with a decline of 1.8% in 2019 alone. Over the five years to 2024, IBISWorld expects that mounting competition from e-commerce establishments will further put downward pressure on the industry's profit.
• High end fashion brands
• Travel Companies
• Airbnb
• Amazon
• Monthly subscription services
Features and Benefits
Applications of the invention allows the potential creation of a business and partnerships between fashion brands and fashion resellers.
Trendy Travel offers convenience and exclusivity over other rental services.
Intellectual Property
U.S. Provisional Patent No.: 62/334,930