Rent the Runway, a fashion rental service, today announced its financial results for the fiscal quarter ended April 30, 2025, highlighting a significant shift in its corporate strategy that appears to be yielding positive outcomes. The company’s new inventory strategy saw a 24 percent increase in new inventory receipts compared to the first...
Jun 6, 2025
Rental platform Rent the Runway (RTR) has reported narrowing losses for the fiscal year 2024, after results for the fourth quarter continued the positive trajectory seen over much of the period. During the year as a whole, revenue was up 2.7 percent year-over-year reaching 306.2 million dollars, while net losses narrowed from 113.2 million...
Apr 15, 2025
Rent the Runway reported third quarter revenue of 75.9 million dollars, a 4.7 percent increase year-over-year. For fiscal year 2024, the company expects revenue growth of between 2 percent to 4 percent and adjusted EBITDA margin of 15 percent to 16 percent. “Rent the Runway has realigned our company talent and ways of working this year to be...
Dec 11, 2024
Rent the Runway, a rental service offering designer apparel and accessories has partnered with the Dallas Cowboys Cheerleaders to further its connection to its local customers. To mark the start of the partnership, Rent the Runway has launched a new holiday campaign that celebrates the women of the team, both on the field and off the field. In...
Dec 9, 2024
The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...
Apr 12, 2024
Monthly subscription fees ranging from 79 to 240 dollars for rented clothes may be perceived as an unnecessary expense, prompting subscribers to cancel their memberships. It is one of the reasons companies like Rent the Runway is banking on clothing from in-demand designers to retain customers and counter recent subscriber losses, while rival...
Jan 14, 2024
Rent the Runway is to implement a workforce reduction, impacting 37 corporate positions, about 10 percent of its staff, and the resignation of COO and president Anushka Salinas, according to a filing with the U.S. Securities and Exchange Commission (SEC). The move is part of a strategic initiative to invest in growth areas such as marketing and...
Jan 10, 2024
For the third quarter, Rent the Runway revenue was 72.5 million dollars, a 6.3 percent decrease, while gross profit was 25.2 million dollars, down 20.8 percent and gross margin was 34.8 percent. Net loss for the quarter contracted to 31.5 million dollars, while adjusted EBITDA dropped to 3.5 million dollars and adjusted EBITDA margin to 4.8...
Dec 6, 2023
Rent the Runway (RTR) has outlined its financial results for the first quarter ended April 30, 2023, where it viewed improvements all round. The rental platform reported a 10.6 percent increase YoY in its revenue, up from 67.1 million dollars in the same period last year to 74.2 million dollars. Its active subscribers count also rose 7.6 percent...
Jun 8, 2023
Rent the Runway (RTR) has welcomed positive financial results for FY22, notably achieving a 46 percent revenue growth as it completes its financial transformation. For the year ended January 31, 2023, the rental platform reported a revenue of 296.4 million dollars, up from 203.3 million dollars in FY21. While its gross profit also saw an...
Apr 13, 2023
Rent the Runway (RTR) has announced a new initiative which will see it add one extra item to every shipment under its rental subscription programme in a bid to evolve the customer experience. Entitled ‘Era of Extra’, the move comes as part of RTR’s ongoing strategy to reinvest in the customer, a multi-faceted factor that was introduced in the...
Mar 7, 2023
Rent the Runway (RTR) has announced an amended credit facility with its existing lender and administrative agent Double Helix, extending the maturity date from October 2024 to October 2026. The facility will also reduce cash interest payments, totalling over 20 million dollars in cash over the next two years. Previously set at 12 percent total...
Jan 31, 2023