Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

Rent the Runway, Inc.

Rent the Runway is a designer clothing rental subscription service, allowing users to borrow and wear designer fashion for various occasions.

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, the world’s first and largest shared designer closet. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World."

Temasek Holdings

Manhattan Venture Partners

UIT Growth Equity

Fidelity

Fidelity Management and Research Company

Bain Capital Ventures

Franklin Templeton

Blue Pool Capital

SuRo Capital

Rent The Runway

It's a very exciting time at Rent The Runway as we're focused on innovating our experience to drive significant GROWTH. This means we want customer obsessed leaders who are creative and willing to disrupt traditional ecommerce norms. We have two exciting roles open on our Product Team right now (a Director of Product and a Senior Product Manager) - please reach out if you're interested! Current or former customers encouraged to apply:) https://lnkd.in/gucUZ6Mh

This Women’s History Month, our CEO & Co-Founder, Jennifer Hyman, is thinking about the change we need to see to get more women to the top in the corporate world. For decades women have had the professional qualifications for upward mobility in their careers, but progress has been too slow. 

Jenn believes that a key accelerant for women in the workplace is a vocal community of advocates that publicly champion our successes and accomplishments. However, studies show that women are less likely to self-promote their professional accolades than their male counterparts — and because they talk less about themselves, their accomplishments become less visible.

Rent the Runway is looking to change the conversation by encouraging women to show off — so that their professional victories become more seen and talked about. It’s this very self-promotion that will enable women to more quickly ascend the corporate ladder. 

Today, we are hoping to kick off a virtuous cycle of lifting women up through public recognition on LinkedIn. During March, Rent the Runway is gifting $1M in free one month subscriptions of our most popular 10-item plan to women who have recently experienced a recent professional accomplishment that deserves celebrating. You can either self-nominate by commenting on Jenn’s post and sharing an accolade you've recently achieved at work… or you can nominate a friend who’s recently experienced a professional win and tell her story, too. #RTRShowOff #IWD2024

We are thrilled to announce NATALIE MCGRATH as our new Chief Marketing Officer. Welcome Natalie, we are excited to have you as part of the team as we embark on a new era of growth! Thank you The Wall Street Journal and Katie Deighton for sharing what's ahead for Rent the Runway and our community.   

https://lnkd.in/e-JudecZ

📣 Rent the Runway has launched LUXURY 📣

Our mission has always been to democratize fashion and with the launch of The Vault, we are making luxury more accessible than ever. This collection features high fashion by universally-beloved designers such as Oscar de la Renta, Etro, RACHEL GILBERT, Zac Posen and provides unparalleled access to coveted designer looks retailing for $1,000-$8,000. 

Our team has built incredible relationships with designers since 2009, and we've gone from convincing brands that rental is the future to seeing some of the biggest fashion houses in the world consider RTR an important customer awareness and acquisition channel. 

We are thrilled to see this initiative come to life as yet another testament to our commitment to our customer and providing a unique and magical experience.

#designer #luxury #rental #fashion

	Mar '14	Mar '15	Jan '20	Jan '21	Jan '22	Jan '23	Jan '24
account payables	2.34M -	3.97M 69.60%	12.70M 220.14%	7.20M 43.31%	15.90M 120.83%	12.40M 22.01%	5.80M 53.23%
accumulated other comprehensive income loss	409K -	464K 13.45%			-447.50M -
cash and cash equivalents	5.10M -	3.69M 27.66%	31.40M 750.72%	95.30M 203.50%	247.60M 159.81%	154.50M 37.60%	84M 45.63%
cash and short term investments	21.97M -	84.01M 282.38%	31.40M 62.62%	95.30M 203.50%	247.60M 159.81%	154.50M 37.60%	84M 45.63%
common stock	12K -	15K 25%			100K -	100K 0%
deferred revenue	2.64M -	3.81M 44.18%	13.70M 259.39%	5.60M 59.12%	10.40M 85.71%	18.80M 80.77%	10.90M 42.02%
deferred revenue non current	2.41M -	2.36M 2.28%
deferrred tax liabilities non current	759K -	2.23M 193.54%
goodwill	7.03M -	135.89M 1,831.90%
goodwill and intangible assets	19.76M -	152.27M 670.70%	9M 94.09%	7.80M 13.33%	6.40M 17.95%	4.10M 35.94%	3.40M 17.07%
intangible assets	12.72M -	16.38M 28.76%	9M 45.07%	7.80M 13.33%	6.40M 17.95%	4.10M 35.94%	3.40M 17.07%
inventory
long term debt		2.36M -	256.80M 10,790.59%	406.60M 58.33%	307.20M 24.45%	310.80M 1.17%	352M 13.26%
long term investments	500K -	4.20M 740%
net debt	-5.10M -	-1.33M 73.87%	230.50M 17,391.82%	318.90M 38.35%	65.20M 79.55%	160.70M 146.47%	271.40M 68.89%
net receivables	12.53M -	16.88M 34.80%
other assets
other current assets	8.43M -	3.99M 52.68%	5M 25.38%	4.70M 6%	17.10M 263.83%	14.50M 15.20%	18.20M 25.52%
other current liabilities	14.05M -	18.03M 28.32%	20.20M 12.02%	20.20M 0%	36.90M 82.67%	24.40M 33.88%	28M 14.75%
other liabilities	6.09M -	-1.15M 118.94%
other non current assets	152K -	73K 51.97%	4.10M 5,516.44%	12.30M 200%	11.40M 7.32%	9.90M 13.16%	103.30M 943.43%
other non current liabilities			331.70M -	400.20M 20.65%	400K 99.90%	700K 75%	700K 0%
othertotal stockholders equity	83.56M -	285.28M 241.40%	54M 81.07%	62.70M 16.11%	872.20M 1,291.07%	904.50M 3.70%	930.80M 2.91%
preferred stock					447.50M -
property plant equipment net	17.89M -	23.04M 28.75%	215.90M 837.27%	197.20M 8.66%	165M 16.33%	150.10M 9.03%	69.60M 53.63%
retained earnings	-31.82M -	-33.81M 6.25%	-418.30M 1,137.17%	-589.40M 40.90%	-801.20M 35.93%	-939.90M 17.31%	-1.05B 12.04%
short term debt	806K -	974K 20.84%	5.10M 423.61%	7.60M 49.02%	5.60M 26.32%	4.40M 21.43%	3.40M 22.73%
short term investments	16.87M -	80.32M 376.16%
tax assets	44K -	60K 36.36%
tax payables	806K -	974K 20.84%	1.90M 95.07%	1M 47.37%	1.60M 60%	2.70M 68.75%
total assets	81.27M -	284.52M 250.11%	275.90M 3.03%	320.70M 16.24%	447.50M 39.54%	336.20M 24.87%	278.50M 17.16%
total current assets	42.92M -	104.88M 144.35%	46.90M 55.28%	103.40M 120.47%	264.70M 156.00%	172.10M 34.98%	102.20M 40.62%
total current liabilities	19.84M -	26.79M 35.00%	51.70M 93.02%	40.60M 21.47%	68.80M 69.46%	60M 12.79%	48.10M 19.83%
total debt		2.36M -	261.90M 11,006.87%	414.20M 58.15%	312.80M 24.48%	315.20M 0.77%	355.40M 12.75%
total investments	17.37M -	84.52M 386.63%
total liabilities	29.11M -	32.58M 11.91%	640.20M 1,865.31%	847.40M 32.36%	376.40M 55.58%	371.50M 1.30%	400.80M 7.89%
total liabilities and stockholders equity	81.27M -	284.52M 250.11%	275.90M 3.03%	320.70M 16.24%	447.50M 39.54%	336.20M 24.87%	278.50M 17.16%
total non current assets	38.34M -	179.64M 368.49%	229M 27.48%	217.30M 5.11%	182.80M 15.88%	164.10M 10.23%	176.30M 7.43%
total non current liabilities	3.17M -	6.94M 118.92%	588.50M 8,374.94%	806.80M 37.09%	307.60M 61.87%	311.50M 1.27%	352.70M 13.23%
total stockholders equity	52.16M -	251.95M 383.03%	-364.30M 244.59%	-526.70M 44.58%	71.10M 113.50%	-35.30M 149.65%	-122.30M 246.46%

COM:RENTTHERUNWAY

Rent the Runway

Last Close

9.68

22/11 21:00

Market Cap

61.56M

Beta: -

Volume Today

33.18K

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