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The Gig Economy Gets Ready To Scale

PYMNTS

As is the case today, albeit on a far smaller scale, the market crash of 2008 left millions unemployed and scrambling. millennials identified as gig workers. workforce is expected to freelance by 2028.”. Pre-COVID, roughly 48 million Americans had worked gig economy jobs, and fully 40 percent of U.S.

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How FashionPass Is Innovating Clothing Rentals

PYMNTS

The clothing rental market in the United States is projected to reach $4.4 billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass.

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Customer Service Can Be A Competitive Advantage For Digital Platforms

PYMNTS

Older customers might prefer human interaction and want nothing to do with automated help , while millennials or Gen Z might want to solve their issues through chat windows powered by AI. clothing rental market is projected to reach $4.4 billion by 2028. According to the Payments and The Platform Economy Playbook , the U.S.

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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Over 65% of consumers are willing to pay more for sustainable products, with 42% of millennials and 37% of Gen Z saying they want to know what goes into products and how they’re made before buying them. Moreover, a 2018 survey found that sustainability is likely to be a crucial buying factor for mass market apparel consumers by 2025.