Full-Time
Posted on 12/10/2024
Fashion rental service for designer clothing
No salary listed
Entry
Arlington, TX, USA
Rent the Runway offers a service that allows customers to rent designer clothing and accessories, primarily targeting women who want to update their wardrobe without the commitment of buying items. The company operates on a subscription model with various plans that provide flexibility, such as a set number of items per month or unlimited swaps. Customers can also rent items for special occasions. Rent the Runway generates revenue through subscription fees and one-time rentals, while managing logistics like dry cleaning and shipping for a seamless experience. The company promotes sustainability by reducing fast fashion and waste, appealing to those who want to stay stylish affordably.
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2009
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Paid Time Off including vacation, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.
Universal Paid Parental Leave for both parents + flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
Paid Sabbatical after 5 years of continuous service - Unplug, recharge, and have some fun!
Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).
Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment - Your health comes first and we’ve got you covered.
401k match - an investment in your future.
Company wide events and outings - our team spirit is no joke - we know how to have fun!
Flexible Work Policy: Hybrid Work - when our corporate employees return to the office post COVID they will have the option to work remotely 2-3 days a week, in accordance with Company policies.
By Krysten BrenllaNew York City – the city where ambition never sleeps, and every street corner hums with the energy of people chasing their next opportunity. For over 20 years, Lillya Nashanchik was part of that hustle.However, after working closely with startups, top talent, and founders in the Big Apple, she’s now setting her sights on somewhere new: South Florida’s booming tech hub; Miami, Fort Lauderdale, and West Palm Beach.A GROWTH JOURNEY THROUGH TECH AND ENTREPRENEURSHIPOriginally from Rochester, New York, she earned a liberal arts degree from the Rochester Institute of Technology, and upon graduation, she faced the question many graduates know all too well: What’s next? “My parents were both technologists, and hoped I’d become a software engineer, but it wasn’t my strong suit,” Nashanchik said. “With a liberal arts degree, my options felt limited. So, I took a chance – I moved to New York City, and landed a job at a staffing agency that specialized in recruiting women. I had the people skills, and they had a great training program. That’s what sparked my career in talent acquisition.”From the start of her career, Nashanchik knew she loved entrepreneurship and working with smaller startups and founders, especially women
The retail sector is witnessing changes, with direct-to-consumer (D2C) brands leading innovation. As 2024 wanes, key trends influence how consumers interact with brands and make purchasing decisions. From artificial intelligence-powered personalization to a greater emphasis on sustainability, D2C retailers are adjusting to the changing expectations of today’s shoppers. AI-Driven Personalization
After focusing on cost-cutting and margin improvement from 2020 to 2023, Rent the Runway is now back in “growth mode,” according to CEO Jennifer Hyman. As 2024 winds down, Rent the Runway is focusing on its subscription business, with the November launch of a new $119/month subscription tier aimed at expanding its customer base and positioning the company for growth in 2025, Hyman said Monday (Dec. 9) during the company’s third-quarter earnings call. High Engagement, Diverse Use Cases
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Rent the Runway has filed paperwork announcing their intent to go public. Learn what you need to know about a Rent the Runway IPO and join Public.com to start investing.