Rent The Runway Is Shifting Focus To Fast Growing Fashion Resale

Rent The Runway Is Shifting Focus To Fast Growing Fashion Resale

Jennifer Hyman, co-founder and chief executive officer of Rent The Runway Inc.,  Photographer: … [+] Christopher Goodney/Bloomberg © 2019 Bloomberg Finance LP Soon we will see – COVID-19 and any rebound not withstanding – people back in their offices. They may be there full-time or hybrid, switching days in the office and days at home. I … Read more

How sustainable is it to rent clothing? Experts and top brands weigh in

How sustainable is it to rent clothing? Experts and top brands weigh in

Liudmila Chernetska/iStock (NEW YORK) — With landfills receiving millions of tons of textile waste each year — and growing — the environmental impact of clothing has become the fashion industry’s dirty little secret. Today, more people are paying attention to this worsening issue and have zeroed in on the impact of rental clothing subscription services. … Read more

Rent the Runway confidentially files for IPO

Rent the Runway confidentially files for IPO

Jennifer Hyman, Rent the RunwayScott Mlyn | CNBCRent the Runway has confidentially filed paperwork with U.S. regulators for an initial public offering, as it looks to cash in on the booming market for rental clothes and second-hand apparel.The online clothing rental firm said on Monday the number of shares on offer and the target price … Read more

Covid Sent Rent The Runway To The Brink. Now The Fashion Business Is Ready For The Reopening Boom

Covid Sent Rent The Runway To The Brink. Now The Fashion Business Is Ready For The Reopening Boom

In early February 2020, Jennifer Hyman, the cofounder and CEO of Rent the Runway, was in build mode.  Her fashion subscription business, which for $160 a month let customers borrow hundreds of thousands of designer items like Hugo Boss blazers, Marc Jacobs mini-bags and Saint Laurent sunglasses, was growing faster than 100% per year. To … Read more

Rent the Runway enters $33 billion fashion resale market

Rent the Runway enters $33 billion fashion resale market

Jennifer Hyman, Rent the Runway Scott Mlyn | CNBCRent the Runway said Wednesday it is expanding into resale, a major evolution for the fashion rental platform. Customers will soon be able to buy used designer clothes from the business in addition to renting them. No membership will be required, as Rent the Runway looks to broaden … Read more