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
revenue	75.60M -	102.92M 36.14%	256.90M 149.61%	157.50M 38.69%	203.30M 29.08%	296.40M 45.79%	298.20M 0.61%
cost of revenue	27.25M -	35.85M 31.57%			133.60M -	92.20M 30.99%	178.50M 93.60%
gross profit	48.35M -	67.07M 38.72%	256.90M 283.01%	157.50M 38.69%	69.70M 55.75%	204.20M 192.97%	119.70M 41.38%
selling and marketing expenses			22.90M -	8.10M 64.63%	26.50M 227.16%	35.10M 32.45%	31.20M 11.11%
general and administrative expenses	48.80M -	59.86M 22.67%	98.90M 65.22%	77.20M 21.94%	104.40M 35.23%	109M 4.41%	101.60M 6.79%
selling general and administrative expenses	48.80M -	59.86M 22.67%	121.80M 103.47%	85.30M 29.97%	130.90M 53.46%	144.10M 10.08%	132.80M 7.84%
research and development expenses			40.20M -	37.70M 6.22%	45.30M 20.16%	55.40M 22.30%
other expenses	9.01M -	13.29M 47.46%	224.90M 1,592.00%	165M 26.63%	153M 7.27%	192.80M 26.01%	66.90M 65.30%
cost and expenses	85.06M -	109.00M 28.15%	386.90M 254.95%	288M 25.56%	329.20M 14.31%	392.30M 19.17%	378.20M 3.59%
operating expenses	57.81M -	73.15M 26.53%	386.90M 428.89%	288M 25.56%	329.20M 14.31%	392.30M 19.17%	199.70M 49.10%
interest expense			24M -	46.60M 94.17%	-53M 213.73%	36.80M 169.43%	-33.70M 191.58%
ebitda	-508K -	5.11M 1,105.51%	-23.20M 554.19%	-18.50M 20.26%	2.30M 112.43%	12.40M 439.13%	-132.40M 1,167.74%
operating income	-9.46M -	-6.08M 35.74%	-130M 2,038.51%	-130.50M 0.38%	-62.80M 51.88%	-50.20M 20.06%	-80M 59.36%
depreciation and amortization	5.93M -	7.52M 26.83%	106.80M 1,320.21%	112M 4.87%	65.10M 41.88%	62.60M 3.84%	14.70M 76.52%
total other income expenses net	125K -	291K 132.80%	-24.10M 8,381.79%	-40.60M 68.46%	-149.30M 267.73%	-88.70M 40.59%	-33M 62.80%
income before tax	-9.34M -	-5.79M 38.00%	-154.10M 2,562.40%	-171.10M 11.03%	-212.10M 23.96%	-138.90M 34.51%	-113M 18.65%
income tax expense	-2.18M -	-424K 80.58%	-200K 52.83%	78.60M 39,400%	-300K 100.38%	-200K 33.33%	-200K 0%
net income	-4.25M -	-1.99M 53.27%	-153.90M 7,641.45%	-249.70M 62.25%	-211.80M 15.18%	-138.70M 34.51%	-113.20M 18.39%
weighted average shs out	12.18M -	13.51M 10.93%	62.69M 364.12%	62.69M 0%	63.04M 0.55%	64.25M 1.93%	3.42T 5,319,930.70%
weighted average shs out dil	12.18M -	13.51M 10.93%	62.69M 364.12%	62.69M 0%	63.04M 0.55%	64.25M 1.93%	3.42T 5,319,930.70%
eps	-0.35 -	-0.15 57.14%	-2.45 1,533.33%	-3.98 62.45%	-3.36 15.58%	-2.16 35.71%	0 100%
epsdiluted	-0.35 -	-0.15 57.14%	-2.45 1,533.33%	-3.98 62.45%	-3.36 15.58%	-2.16 35.71%	0 100%

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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