# Rent the Runway

> Rent the Runway is a US designer-fashion rental and resale company. Customers subscribe for rotating clothing shipments, reserve outfits for specific dates, or buy pre-owned pieces. Its business combines brand relationships, demand data, garment care and reverse logistics.

- **Founded:** 2009
- **Headquarters:** New York, United States
- **Founders:** Jennifer Hyman (Co-founder; former CEO), Jennifer Fleiss (Co-founder)
- **Products:** Subscription, Reserve, Resale, Share by RTR, Exclusive Designs
- **Notable:** Launched nationwide in November 2009., Expanded into accessories in 2010 and plus sizes in 2013., Introduced monthly subscriptions in March 2016.

## Products & services

- **Subscription** — Rotating clothing and accessory shipments. Standard advertised plans checked October 16, 2026: $129 for five items monthly, $164 for ten across two shipments, and $275 for twenty across four; promotional first-month prices differ. Taxes and applicable fees may be additional.
- **Reserve** — One-time, date-specific designer rentals for events; pricing varies by item and duration.
- **Resale** — Purchase pre-owned designer apparel and accessories, including eligible pieces a customer has rented.
- **Share by RTR** — Brand inventory obtained on consignment with zero to low upfront payments and performance-based revenue sharing.
- **Exclusive Designs** — Collaborations with brands informed by rental data, including designs intended for durability and lower acquisition costs.

## Achievements

- Launched nationwide in November 2009.
- Expanded into accessories in 2010 and plus sizes in 2013.
- Introduced monthly subscriptions in March 2016.
- Completed an IPO in October 2021.
- Reports 7.7 million garment repairs from fiscal 2019 through January 31, 2026.

## Latest updates

- **2026-09** — Paige Thomas appointed CEO and president effective September 14; Teri Bariquit became non-executive board chair.
- **2026-09** — Reported Q2 revenue of $97.7 million and a $12.9 million net loss; paused its marketplace pilot, on-site advertising and pursuit of new B2B dry-cleaning customers.
- **2026-06** — Completed rollout of AI-generated outfit recommendations to all customers by the end of June, according to September reporting.
- **2026-04** — Reported fiscal 2025 net income of $22.6 million, including a $96.3 million gain on debt restructuring; rental product acquired totaled $74.9 million.

## Links

- Website: https://www.renttherunway.com/
- LinkedIn: https://www.linkedin.com/company/rent-the-runway/
- Twitter/X: https://twitter.com/RenttheRunway
- Instagram: https://www.instagram.com/renttherunway/
- Facebook: https://www.facebook.com/RentTheRunway
- TikTok: https://www.tiktok.com/@renttherunway

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Profile page: https://yespress.io/rent-the-runway
Published by YesPress — https://yespress.io
Last updated: 2026-10-16