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Rent the Runway Struggles with Adjustments
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Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. The company's CEO, Jennifer Hyman, is also set to leave. Rent the Runway has reported a 2% decrease in active subscribers and a small decline in total subscribers.
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How can Rent the Runway attract new customers while maintaining loyalty among existing ones?
How will the reduction in the corporate workforce impact Rent the Runway's operations?
What factors contributed to the decline in subscribers for Rent the Runway?
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