Rent the Runway spent fiscal year 2025 making the biggest inventory bet in its history. More clothes in circulation meant fewer cancellations, stronger retention and a path back to growth. It worked. Now the New York-based clothing rental company is asking a harder question: once...
Rent the Runway is continuing to roll out new personalized recommendations and artificial intelligence (AI)-powered enhancements as part of a wide-ranging transformation of its fashion subscription, rental and resale platform. The company’s changes also include improvements to inventory strategy, product innovation and connection with core...
Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance sheet and extend the maturity of its outstanding debt balance of $120 million to 2029. ...
Starting next month, it will cost more to Rent the Runway. The clothing rental company notified subscribers this week about a pending price increase to its subscription of approximately $2 per item, Glossy reported Thursday (July 17). With these new changes — set to go...
December 24, 2024
The retail sector is witnessing changes, with direct-to-consumer (D2C) brands leading innovation. As 2024 wanes, key trends influence how consumers interact with brands and make purchasing decisions. From artificial intelligence-powered personalization to a greater emphasis on sustainability, D2C retailers are adjusting to the changing expectations of today’s shoppers. AI-Driven Personalization AI plays a role in […]
December 09, 2024
After focusing on cost-cutting and margin improvement from 2020 to 2023, Rent the Runway is now back in “growth mode,” according to CEO Jennifer Hyman. As 2024 winds down, Rent the...
December 06, 2023
Across the clothing subscription industry, key players are losing members as they turn their focus to driving more revenue from their existing users. Take, for instance, Rent the Runway. The...
January 16, 2023
Some clothing firms are mulling creative resale partnerships as economic concerns continue to plague the sector. Slumping sales have clothing merchants, from Big Retail to Main Street, scrambling to make...
May 13, 2026
Rent the Runway announced an upcoming CEO transition Wednesday (May 13), saying that Co-founder Jennifer Hyman will step down as CEO, president and board member on Friday (May 15) and be succeeded by Board Member Teri Bariquit, who will serve as interim CEO and president. Bariquit will lead the company alongside the executive leadership team, while Executive Chairman […]
September 11, 2025
Rent the Runway is continuing to roll out new personalized recommendations and artificial intelligence (AI)-powered enhancements as part of a wide-ranging transformation of its fashion subscription, rental and resale platform....
August 21, 2025
Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance...
July 17, 2025
Starting next month, it will cost more to Rent the Runway. The clothing rental company notified subscribers this week about a pending price increase to its subscription of approximately $2...