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Rent the Runway

RENT
NASDAQConsumer Discretionary
$3.49
USD
-0.06(-1.69%)
At close: Jun 12, 20:00 UTC

Open

$3.49

Prev. Close

$3.48

High

$3.49

Low

$3.47

Market Snapshot

Market Cap

$116.63M

P/E Ratio

3.9

EPS

-18.59

Revenue

$306.2M

Employees

983

About

Rent the Runway, Inc. engages in the provision of online ready-to-wear and contemporary designer apparel services. The company is headquartered in Brooklyn, New York and currently employs 942 full-time employees. The company went IPO on 2021-10-27. Through the Company, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide 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 and ski wear. The firm gives customers access to its unlimited closet through its subscription offering (Subscription) or the ability to rent a-la-carte through its reserve offering (Reserve). The company also gives its subscribers and customers the ability to buy its products through its Resale offering. The firm has built a two-sided discovery engine, which connects engaged customers and differentiated brand partners on a platform built around its brand, data, logistics and technology.

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