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If you're familiar with clothing rental memberships, then you've likely heard of Rent the Runway. "Rent the Runway is a clothes rental benefit that caters to the styling needs of customers...
Rent the Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded by Jennifer Hyman and Jennifer Fleiss , who launched the company in November 2009.
The clothing rental service told CNBC it is making the decision in order to focus its investments on digital and adding more drop boxes for customers.
Prior to the founding of Rent the Runway, Jennifer ran an online advertising sales team for weddingchannel.com and worked as an in-house entrepreneur for the Starwood Hotel where she was responsible for creating the hotel’s first wedding business. Following that, she served as the director of business development for IMG’s fashion division. [6]
Rent the Runway posted revenue of $298.2 million for 2023 on Wednesday, a modest year-over-year increase from $296.4 million in 2022. Compared to the 2023 fiscal year, Rent the Runway predicts ...
About Rent the Runway Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR’s mission has remained the same since its founding: powering women to feel their best every day.
Fleiss co-founded Rent the Runway with Jennifer Hyman in 2008. She served as head of business development and as a member of the firm's Board of Directors. She assisted with company-wide infrastructure, project planning, and logistical decisions.
Rent the Runway is attempting to stage a turnaround; it recently hired a new CMO, Natalie McGrath, to invest in marketing again after years of pulling back and focusing on surviving as a business ...