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Rent the Runway history
Rent the Runway company history timeline
A November 2009 article in The New York Times helped bring publicity to the company shortly after its launch.
By 2016, RTR had more than six million customers, 400 designers offered on their site, and nearly 1000 employees.
In 2016, the company began offering everyday clothing through a subscription model.
In 2017, Fleiss left the company to co-found Jetblack, a concierge shopping service.
Fleiss remained on the board and Hyman remained as CEO. In March 2019, Rent the Runway received a new round of financing that increased its valuation to the unicorn level of $1 billion.
Le Tote acquired the venerable department store Lord & Taylor in 2019 in an effort to revive one of the US’s oldest stores.
The company posted a net loss of $171 million last year, compared with a net loss of $154 million in 2019.
In August 2020, the company announced that it would be converting its New York City store into a drop-off center.
Hyman was optimistic about Rent the Runway, particularly given its performance in the past year and a half. “2020 really should have been the end of Rent the Runway, and we’ve emerged a stronger business financially,” she said.
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Zippia gives an in-depth look into the details of Rent the Runway, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Rent the Runway. The employee data is based on information from people who have self-reported their past or current employments at Rent the Runway. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Rent the Runway. The data presented on this page does not represent the view of Rent the Runway and its employees or that of Zippia.
Rent the Runway may also be known as or be related to Rent The Runway, Rent The Runway, Inc., Rent the Runway, Rent the Runway Inc. and Rent the Runway, Inc.