Rent the Runway Expands Luxury Handbag Rentals for Icon Members
A new pilot tests the commercial potential of luxury accessories within an existing rental customer relationship.
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Jennifer Hyman Steps Down as Rent The Runway CEO as Teri Bariquit Takes Interim Helm and AI Strategy Accelerates
Rent the Runway has announced a major leadership change: Co Founder Jennifer Hyman is stepping down as CEO, President and Board member on May 15, 2026, and longtime board member and retail veteran Teri Bariquit has been appointed Interim CEO and President, as the company doubles…
Rent the Runway Introduces New AI Tools to Reduce Friction for Subscribers
Rent the Runway is undergoing a sweeping digital transformation in 2025, harnessing AI to reshape fashion discovery, inventory management, and personalized service for its more than 170,000 active subscribers. Led by Co-Founder and CEO Jennifer Hyman, the company’s strategy marries…
Rent the Runway Layoffs 2024: Cuts 10% of Staff, COO resigns
Rent the Runway (RTR), a prominent fashion rental company, has recently announced a significant reduction in its corporate workforce. The decision to cut approximately 10% of its corporate jobs, which translates to 37 employees, is part of a broader restructuring…
Rent The Runway Business Model: Case Study
Rent the Runway has transformed the way we think about fashion and the sharing economy. The company was founded in 2009 by Jennifer Hyman and Jennifer Fleiss as a solution for busy women who needed access to high-end designer clothing…
Rent the Runway revenues increase, targets new subscriber growth
Rent the Runway, a leading fashion rental service, has experienced significant growth in recent years and is now targeting a 25% increase in active subscribers. The company’s annual revenue for 2022 reached $296.4 million, marking a 46% increase year-over-year from…
High-End Consumers Crunch Numbers Amid Economic Caution
The global economy is facing a potential recession as we approach mid-2023, which will significantly impact consumer spending behavior. One of the most notable trends that will emerge during this period is the rise of price-conscious high-end consumers. These individuals,…
To Rent Or Buy? Will Rental Services Go Mainstream In Retail Industry
The global online clothing rental market is expected to grow over the next decade, according to a new report by Grand View Research. The trend is being driven by the increasing demand for high-end designer clothing, along with changing consumer…