Story by Y. Peter Kang.
A new service in South Korea allows women to flash the latest high-end handbag without forking over a lot of dough.
MBC reports that a luxury goods rental service has customers depositing their own upscale handbagwith a broker which then entitles them to pick out a handbag for a fee of about $20 to $30 per week. If the customer’s bag is rented by another customer, they get a percentage of the rental fees. If they don’t add a bag to the pool, they can still rent a bag for a higher fee of about $50.
Members are reportedly happy with the service.
“I think it’s a great thing, to be able to change up your bag for the price of a cup of coffee,” one customer told MBC. “It’s fresh and new.”
MBC reported that peer-to-peer rental services were first popularized in the United States following the Great Recession of 2008. One notable example of a P2P rental service that has taken off is Airbnb, a site in which homeowners can rent out rooms to cost-conscious travelers.
This story was originally published in iamkoream.com.