Rent The Runway unveils new luxury bags, first available to top-tier subscribers. Posted On November 2, 2026 CPP-LUXURY Rent the Runway is launching a collection of bags from labels like Chanel, Balenciaga and Bottega Veneta that will be available to subscribers of its top monthly plan, who pay $164 for two shipments of five items per month. While there has always been some handbags in its offering, this launch dramatically increases both the number and caliber in its lineup. To start, the new collection bags - a number that will grow based on demand, according to the company. Renters will have access to one bag per month, and will be able to keep it for the full 30 days. The company is acquiring the bags either directly from brands or from "respected third party sellers." The launch comes at a pivotal time for Rent the Runway: The company's founder Jennifer Hyman exited the business earlier this year after serving as chief executive for the past 17 years. New chief executive Paige Thomas joined in July; the luxury bag collection is the company's first major initiative under her leadership. It's also a time when the company is in need of some positive momentum: Since going public in 2021, its stock price has dropped to all-time lows Thomas said that the launch was propelled by customer feedback, and also the potential - bags are a historically high-emotion category and there's plenty of demand for more out-of-the-box, unique pieces that customers may lust after but not want to actually purchase themselves. "The business environment is more competitive than when we disrupted 17 years ago, and it's critical to differentiate yourself," said Thomas. The bulk of the assortment is legacy European labels - think Fendi, Dior and Chloe including "it" bags of the moment, like the Balenciaga Rodeo and the Alaia Teckel. The goal, Thomas said, was to strike a balance between standbys and up-and-coming labels and silhouettes. "You should always have emerging in your mix - that's the relevance and the uniqueness. At the same time, you have to have what people know and love." While Rent the Runway was a disruptor when it came to clothing rental, luxury handbags is more well-trodded ground. Bag, Borrow or Steal, which debuted in 2004 and went on to earn widespread visibility with a cameo in the "Sex and the City" movie nearly 20 years ago. Vivrelle, a rental platform that focuses exclusively on bags and jewellery, joined the category in 2018 and has raised at least $100 million in total funding across three rounds. Competition in the rental space overall is more intense, in no small part due to the rise of Urban Outfitters-owned Nuuly, which surpassed Rent the Runway in terms of active monthly subscribers in 2023, a lead it continues to hold today, with nearly quadruple the number of subscribers. Rent the Runway's advantage, Thomas said, is its pre-existing brand awareness. The hope is that the same customer that trusts the service for clothes, she said, will also trust it for bags. Building that trust is critical for Rent the Runway, whose active monthly subscribers have fallen 3.6 percent, to 140,826, from 146,373 a year prior. However, the number of total subscribers grew by .5 percent, to 186,019. By generating revenue through add-on slots or upgrades in membership, the company can grow via the quality rather than quantity of users. Bags, Thomas said, will hopefully generate more incremental revenue.

INVESTOR ALERT: Pomerantz law Firm investigates claims on behalf of investors of Rent the Runway, Inc.- RENT. October 13, 2026 17:41 ET | Source: Pomerantz LLP NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) - Pomerantz LLP is investigating claims on behalf of investors of Rent the Runway, Inc. ("Rent the Runway" or the "Company") (NASDAQ: RENT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Rent the Runway and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On September 11, 2026, Rent the Runway reported its financial results for the second quarter of its 2026 fiscal year. Among other items, the Company reported a 3.8% year-over-year decline in active subscribers. Rent the Runway also issued disappointing third-quarter guidance (revenue of $87 million to $90 million and a negative adjusted EBITDA margin of 3%-6%), announced a dilutive $15 million rights offering and $10 million term loan for liquidity, and paused key growth initiatives. On this news, Rent the Runway's stock price fell $0.37 per share, or 13.12%, to close at $2.45 per share on September 11, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.