Rent The Runway
Rent the Runway (RTR), a prominent fashion rental company, has recently announced a significant reduction in its corporate workforce.
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 without the commitment and cost of purchasing.
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 global economy is facing a potential recession as we approach mid-2023, which will significantly impact consumer spending behavior.
The global online clothing rental market is expected to grow over the next decade, according to a new report by Grand View Research.