Apparel rental company Rent the Runway is expanding its Closet Concierge concept in collaboration with travel company Tripadvisor. The premium membership service Tripadvisor Plus and RTR’s Closet Concierge will be bringing a handy alternative to large suitcases and excessive baggage. The two have come together to offer a hotel clothing drop-off...
Aug. 13, 2021
Popular fashion rental service company Rent the Runway has confidentially filed for a U.S. initial public offering. With the growth in the clothing rental market, the company thought it an ideal time to try and go public. The number of shares and target price range has not been determined. The news was reported by Reuters. The New York-based...
Jul. 20, 2021
Fashion rental platform Rent the Runway is entering into the fast-growing resale market and is reportedly planning to float later this year in what will be the latest in a long string of fashion IPOs to take place during the pandemic. The New York-based online business is in talks with banks in preparation for a public launch that could take...
Jun. 4, 2021
Rent The Runway is giving its members more options to customize their subscription plans. A year ago, the company offered only two different plans, yet has been adapting with the times to meet consumer demands. Consumer interests have clearly changed as a result of the pandemic, and a rotating wardrobe is no longer a high priority to those...
Jan. 25, 2021
Rent the Runway is changing the way it reaches consumers - by traveling to them during this holiday season. The clothing rental service announced via its Instagram account this week that it has launched the RTR Swap Stop, which is a traveling holiday pop-up. The company explained in its post, "We’re dashing through the city this holiday season...
Dec. 17, 2020
ThredUp has taken its goal of building a circular fashion economy to the next level, with a new partnership to sell pre-rented clothing. The secondhand retailer and Rent The Runway have announced a new partnership that will entail ThredUp selling retired items from the rental closet. Called "Revive by Rent The Runway," the collaboration will...
Sep. 30, 2020
Rent the Runway announced new membership options to offer more customization. An open letter from the company's CEO and co-founder Jenn Hyman explains that under the new rental structure, "the majority of our members will pay less for their membership." Previously, the company's rental subscriptions allowed customers to either opt for an...
Sep. 17, 2020
Rent the Runway is permanently closing all of its stores. The clothing rental service previously operated five locations across New York, Chicago, Los Angeles, San Francisco and Washington, D.C., in which renters could try on items, pick up orders and return past rentals. The rental company is one of several digitally-native retailers who have...
Aug. 17, 2020
Online fashion rental platform Rent the Runway has announced the appointment of Ellen Shultz as chief people officer and Larry Steinberg as chief technology officer. Shultz, who will begin her new role on 8 September, has over 20 years experience working on people strategies and is tasked with accelerating Rent the Runway’s continued...
Jul. 23, 2020
Rent the Runway is transforming its leadership team with the appointments of Ellen Shultz as chief people officer. She will join the company on September 8. Shultz joins Rent the Runway with over 20 years of experience in developing people strategies and building diverse and inclusive organizations. She previously served as The New York Times’...
Jul. 22, 2020
Rent The Runway is down its chief technology officer Josh Builder is exiting the company at the end of the month, after serving as CTO and head of product since 2016. Retail Dive reported that Builder's next position will be with a healthcare technology company. It is unclear whether Builder's decision to exit the company is related to the...
May 20, 2020
COVID-19 has affected the clothing rental market. While Rent the Runway will still conduct business as usual online, the company sent an email out to its customers this weekend to announce the temporary closures of all of its brick-and-mortar locations. Rent the Runway's retail stores closed at the end of business on March 15, and are estimated...
Mar. 16, 2020
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