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
net income	-4.25M -	-1.99M 53.27%	-153.90M 7,641.45%	-171.10M 11.18%	-211.80M 23.79%	-138.70M 34.51%	-113.20M 18.39%
depreciation and amortization	5.93M -	7.52M 26.83%	83.20M 1,006.38%	80M 3.85%	65.10M 18.63%	62.60M 3.84%	44M 29.71%
deferred income tax	105K -	1.53M 1,355.24%	-4.80M 414.14%	-2.80M 41.67%			8.40M -
stock based compensation	2.70M -	-200K 107.41%	6.80M 3,500%	8.20M 20.59%	26.60M 224.39%	25.40M 4.51%	26.20M 3.15%
change in working capital	2.52M -	55.02M 2,082.27%	8.10M 85.28%	1M 87.65%	11.10M 1,010%	-7.20M 164.86%	-8.40M 16.67%
accounts receivables	-4.89M -	-4.36M 10.90%
inventory	-16.82M -	-20.35M 20.96%
accounts payables	1.16M -	1.63M 40.83%	6M 268.55%	-4.50M 175%	18.40M 508.89%	-3.90M 121.20%	-8.40M 115.38%
other working capital	23.08M -	78.10M 238.36%	2.10M 97.31%	5.50M 161.90%	-7.30M 232.73%	-3.30M 54.79%	8.40M 354.55%
other non cash items	-736K -	-52.06M 6,973.91%	23M 144.18%	41.90M 82.17%	66.70M 59.19%	10.20M 84.71%	35.70M 250%
net cash provided by operating activities	6.26M -	9.81M 56.60%	-37.60M 483.24%	-42.80M 13.83%	-42.30M 1.17%	-47.70M 12.77%	-15.70M 67.09%
investments in property plant and equipment	-7.66M -	-10.85M 41.66%	-161.50M 1,387.93%	-78.70M 51.27%	-41.10M 47.78%	-71M 72.75%	-4.60M 93.52%
acquisitions net	-372K -	-207K 44.35%	22.90M 11,162.80%	20.30M 11.35%	18.60M 8.37%	26.70M 43.55%
purchases of investments	-23.00M -	-77.20M 235.59%
sales maturities of investments
other investing activites	22.38M -	15.36M 31.36%					-50M -
net cash used for investing activites	-8.66M -	-72.90M 741.98%	-138.60M 90.13%	-58.40M 57.86%	-22.50M 61.47%	-44.30M 96.89%	-54.60M 23.25%
debt repayment	-122K -	-122K 0%	-92.60M 75,801.64%	-59.10M 36.18%	-135M 128.43%
common stock issued			1.80M -	500K 72.22%	327.30M 65,360%
common stock repurchased		-3.69M -
dividends paid
other financing activites	3.59M -	66.11M 1,739.88%	268.70M 306.46%	227.10M 15.48%	22.90M 89.92%	-4M 117.47%	700K 117.50%
net cash used provided by financing activities	3.47M -	62.29M 1,694.70%	177.90M 185.58%	168.50M 5.28%	215.20M 27.72%	-4M 101.86%	700K 117.50%
effect of forex changes on cash	189K -	-617K 426.46%
net change in cash	1.27M -	-1.41M 211.37%	1.70M 220.48%	67.30M 3,858.82%	150.40M 123.48%	-96M 163.83%	-69.60M 27.50%
cash at beginning of period	3.83M -	5.10M 33.04%	40.20M 687.93%	41.90M 4.23%	109.20M 160.62%	259.60M 137.73%	163.60M 36.98%
cash at end of period	5.10M -	3.69M 27.66%	41.90M 1,035.19%	109.20M 160.62%	259.60M 137.73%	163.60M 36.98%	94M 42.54%
operating cash flow	6.26M -	9.81M 56.60%	-37.60M 483.24%	-42.80M 13.83%	-42.30M 1.17%	-47.70M 12.77%	-15.70M 67.09%
capital expenditure	-7.66M -	-10.85M 41.66%	-161.50M 1,387.93%	-78.70M 51.27%	-41.10M 47.78%	-71M 72.75%	-4.60M 93.52%
free cash flow	-1.40M -	-1.04M 25.34%	-199.10M 18,989.17%	-121.50M 38.98%	-83.40M 31.36%	-118.70M 42.33%	-20.30M 82.90%

COM:RENTTHERUNWAY

Rent the Runway

Last Close

9.68

22/11 21:00

Market Cap

61.56M

Beta: -

Volume Today

33.18K

Avg: -

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