Rent the Runway | Times Square Investment Journal

Rent The Runway aspired to be the ‘Amazon Prime of Rental.’ That dream never made any sense

by Cailley LaPara | Nov 25, 2022

Fashion rental startup Rent the Runway touted an audacious goal for about a year: become the “Amazon Prime of Rental.” In March 2019, co-founder and chief executive Jenn Hyman gave CNBC anchors an idea of what she meant. “Anything that you do not use...

Dependence on subscriber growth leaves Rent the Runway on narrow path to profits

by Cailley LaPara | Nov 5, 2022

As Rent the Runway wraps up its first year on the stock market, the company is expected to see continued revenue growth as it seeks profitability. Investors will be focused on the company’s active subscriber count for evidence of executives’ assurance of a...

Rent the Runway plans heavy job cuts as subscribers drop off

by Cailley LaPara | Oct 9, 2022

Rent the Runway (RENT) announced plans to lay off nearly a quarter of its employees, a sign that the luxury apparel rental company is adjusting painfully to an uncertain retail environment. The layoff disclosure September 12 was the main piece in a restructuring plan...