Rent the Runway is a subscription fashion service that allows users to rent designer clothing. The company aims to reduce the environmental impact of the clothing industry by increasing the life and utilization of clothing. Rent the Runway aims to provide a hassle-free rental option, by giving users the ability to order backup sizes, try on clothes in store, and use various drop off locations.
Rent the Runway reportedly has about 100,000 active subscribers. The company was founded in November 2009 and is headquartered in New York City.
*Based on Preferred Stock Price, Rent the Runway does not have a stock symbol since it is currently private and is yet to have an IPO.
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