Rent the Runway Inc

NASDAQ:RENT

Rent the Runway, Inc. provides online ready-to-wear and contemporary designer apparel services. The company is headquartered in Brooklyn, New York and currently employs 958 full-time employees. The company went IPO on 2021-10-27. The firm offers over 19,000 styles by over 780 designer brands that transforms the way women get dressed by letting them wear whatever they want, without having to own it. The firm gives customers ongoing access to its unlimited closet through its subscription offerings to rent a-la-carte through its reserve offering. The company also gives its subscribers and customers the ability to buy its products through its resale offering. Its Closet in the Cloud offers an assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods and kidswear. The firm has built a two-sided discovery engine, which connects customers and its differentiated brand partners on a platform built around its brand, data, logistics and technology.