Full-Time
Rent designer clothing via subscription service
No salary listed
Arlington, TX, USA
In Person
| , |
See people who can refer or advise you
Rent the Runway enables people to rent designer clothing and accessories instead of buying them. It offers membership plans that let customers borrow a certain number of items per month (or swap unlimited items) and also provides one-time rentals for special occasions. Customers browse items online, reserve what they want, and the company handles shipping and dry cleaning, making the process easy. The service works by giving access to a rotating wardrobe at a fraction of retail prices, with logistics managed by Rent the Runway. It differentiates itself by combining a subscription model with a large selection of high-end brands and convenient maintenance, positioned within the growing sharing economy and sustainability trend. The goal is to provide affordable, flexible, and sustainable access to fashion, reducing the need to buy new clothes and cutting down waste.
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2009
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
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.
Rent the Runway is undergoing a strategic overhaul under new ownership after accumulating a $1.1 billion deficit since its founding. The company was recapitalised last year by Story3 Capital and other investors, who see opportunity in the established brand despite past losses. Managing partner Peter Comisar noted the firm inherited 17 years of brand-building and customer trust. Interim chief executive Teri Bariquit is refocusing on the company's original event-rental business, which had been neglected as subscription services grew. The company posted revenues of $329.8 million last year, up 7.7 percent, with 143,558 active subscribers and net earnings of $22.6 million. Bariquit is exploring new revenue models including revenue-sharing with brands and leveraging the company's dry-cleaning infrastructure to handle returns for fashion partners. A permanent chief executive search is underway.
Menswear rental companies are evolving beyond special occasions into everyday wear, creating new customer intelligence opportunities for brands. Taelor and Rent With Thred are leading this shift, offering busy professionals curated wardrobes without the hassle of shopping or laundry. Urban Outfitters' Nuuly reported $568 million in net sales for the fiscal year ending January 31, 2026, with over 500,000 active monthly subscribers. Rent the Runway posted quarterly revenue of $87.6 million with approximately 147,600 active subscribers. The rental model generates what Taelor calls "wear data" — continuous feedback on how customers actually use clothing. This provides brands with insights traditional retail cannot capture, such as garment durability and styling preferences. Nuuly invested $60 million over five years to build its fulfilment infrastructure. Everyday menswear rental faces operational challenges, as frequent wear accelerates garment deterioration and increases cleaning costs. However, the ongoing customer relationship creates valuable real-time intelligence that helps brands understand product performance beyond the point of sale.
Rent the Runway revenue climbs 29% in Q1. Rent the Runway announced on Wednesday sales for the first quarter rose 29.2% to $89.9 million, with the U.S. rental platform clocking growth across its subscriber base. The New York-based firm said ending active subscribers grew 5.8% to 155,692 during the three months, and average active subscribers totalled 149,744 up 12.2% on the prior-year period. Meanwhile, total subscriber numbers lifted 7.6% to 196,147 during the quarter ending April 30. Net loss narrowed to $18.9 million from $26.1 million in the prior-year period, while adjusted EBITDA improved to a loss of $0.8 million compared to a loss of $1.3 million a year ago. The results come during a period of leadership transition for the company. Earlier this year, Rent the Runway appointed retail veteran Teri Bariquit as interim chief executive officer and president, succeeding co-founder Jennifer Hyman, who stepped down after leading the company for 18 years. Hyman will remain an advisor through January 2027. Bariquit brings nearly four decades of retail and merchandising experience to the role, including senior leadership positions at Nordstrom. She joined Rent the Runway's board of directors in October 2025 and is overseeing the business while the company searches for a permanent CEO. "Rent the Runway is operating from a solid foundation, supported by a strong core business, a renewed capital structure aligned with our long-term ambitions, and diversified set of revenue streams," said Bariquit. "I'm honored to step into this leadership role at such an exciting moment. The team has built remarkable momentum, and this quarter's results reflect the strength of a strategy that is clearly resonating with our customers." Looking ahead, Rent the Runway expects second-quarter revenue of between $91 million and $95 million, with adjusted EBITDA margins ranging from 5 per cent to 8 per cent. For the full fiscal year, the company continues to project double-digit revenue growth and adjusted EBITDA margins between 4 per cent and 7 per cent.
Rent the Runway reported first-quarter fiscal 2026 revenue of $89.9 million, up 29.2% year over year and exceeding guidance, driven by higher subscription revenue, add-on purchases and retail growth. The company reiterated its full-year outlook for double-digit revenue growth and adjusted EBITDA of 4% to 7% of revenue. The results come amid significant leadership changes. Co-founder Jennifer Hyman stepped down as CEO in mid-May after 18 years, with Teri Bariquit, a former Nordstrom executive, taking over as interim CEO. The company also appointed Paige Thomas as chief commercial officer and Dave Loretta as interim CFO. Management highlighted AI-powered discovery tools and new initiatives including a marketplace and B2B services as future growth drivers, whilst emphasising focus on customer experience and brand partnerships.
Peloton Interactive, Inc. appoints Sid Thacker as Chief Financial Officer. Accomplished finance executive to further enable company's wellness ambition and ensure disciplined growth NEW YORK-(BUSINESS WIRE)-Peloton Interactive, Inc. (NASDAQ: PTON) today announced the appointment of Siddharth ("Sid") Thacker as the company's Chief Financial Officer, effective June 22, 2026. Thacker, an accomplished finance leader with a deep foundation as an institutional investor, will oversee Peloton's global finance organization as well as corporate strategy. Under his leadership, Peloton will maintain its disciplined financial approach while pursuing broader market opportunities across the fitness and wellness landscape and delivering on its plans to return to sustainable, profitable revenue growth. Thacker will join the company following a successful tenure as Chief Financial Officer at Rent the Runway. During his three years in the role, he led a significant financial and operational transformation that reset the company's balance sheet and drove a return to top-line revenue and subscriber growth. He accomplished these results with a customer-first mindset and through deep cross-functional partnership, engineering a shift to a more capital-efficient inventory model, optimizing marketing spend and scaling revenue streams including resale and advertising. Before stepping into his role as Chief Financial Officer, Thacker served the company as SVP Finance and Head of Data Science. Prior to Rent the Runway, Thacker spent two decades as a public market investor, managing complex asset portfolios, and sourcing and leading investments across consumer, financial and tech-enabled services. "This is a pivotal time for Peloton as we are now operating from a place of strategic optionality and playing offense. Sid brings the financial acumen, forward-looking strategy, and deep consumer focus we need to drive our next chapter," said Peter Stern, CEO and President, Peloton. "He knows how to grow a business with multiple revenue streams, and he brings the financial discipline to make sure we do it right. Plus, his background as an investor gives us a unique edge as we look to accelerate innovation and grow our impact." "Having spent decades looking at businesses as a finance leader and as an investor, I'm excited by Peloton's many strategic assets, from its iconic brand and unmatched instructors to its deeply loyal global community," said incoming CFO Sid Thacker. "I look forward to working with the entire Peloton team to build on the current momentum and discipline, sharpen execution, and usher in a new chapter of profitable growth." Thacker will report to CEO Peter Stern and will be based at the company's New York headquarters. He succeeds interim Chief Financial Officer Saqib Baig, who will remain the company's Chief Accounting Officer. About Peloton Peloton (NASDAQ: PTON) provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world's most supportive fitness community. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com. This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to statements regarding changes to our leadership team, our future operating results and financial position, our business strategy and plans, our growth, and our objectives for future operations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to a number of risks, uncertainties, and assumptions and other important factors that could cause actual results to differ materially from those stated, including the risks and uncertainties described in the sections titled "Risk Factors" in Part I, Item 1A and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, as such factors may be updated in our filings with the Securities and Exchange Commission. Our forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update any of these forward-looking statements for any reason after the date of this press release or to conform these statements to actual results or revised expectations, except as required by law. More News From Peloton Interactive, Inc. NEW YORK-( BUSINESS WIRE )-Peloton Interactive, Inc. (NASDAQ: PTON) today announced a global partnership with Spotify to bring its premier fitness and wellness content to hundreds of millions of Spotify Premium subscribers as part of Spotify's new fitness category. This collaboration represents a significant leap in Peloton's international exposure, enabling people in most countries where Spotify is available to access Peloton's gold-standard instruction. Peloton sits at the epicenter of fitnes... NEW YORK-( BUSINESS WIRE )-Peloton (NASDAQ: PTON) today announced the latest expansion of its "Let Yourself Go" brand platform, a cinematic collaboration featuring Hudson Williams alongside Peloton Instructors Tunde Oyeneyin and Adrian Williams, to celebrate the simple joy of movement. The platform serves as a cultural antidote to fitness fatigue, shifting the conversation from the obligation of exercise to the unleashing of a powerful sense of personal freedom. Directed by breakout creative fo... NEW YORK-( BUSINESS WIRE )-Peloton Interactive, Inc. (NASDAQ: PTON) today announced that Sarah Robb O'Hagan has been named Chief Content and Member Development Officer, reporting to CEO and President Peter Stern. The appointment supports the company's multi-year strategy to evolve from a connected fitness company to a connected wellness company and its plans to return to sustainable, profitable revenue growth. Robb O'Hagan will join the company on April 1 and be responsible for accelerating inn... Peloton Interactive, Inc. NASDAQ:PTON Release Versions