Rent the Runway, Inc. Dividend History (RENT)

About Rent the Runway, Inc.

Rent the Runway, Inc. is an innovative fashion technology company that was founded in 2009 by Jennifer Hyman and Jennifer Fleiss. The company revolutionized the retail industry by offering women the ability to rent designer apparel and accessories, making high fashion more accessible and sustainable. As of 2023, Jennifer Hyman serves as the CEO. Rent the Runway operates primarily online, though it has showrooms in select locations. It offers a variety of subscription services, allowing customers to rent multiple items for a monthly fee. The company's approach promotes a circular economy in fashion by encouraging reuse and reducing waste. In recent years, Rent the Runway has seen steady revenue growth and has expanded its offerings to include everyday wear and maternity clothes, broadening its appeal to a larger audience. Through its unique rental model, the company continues to shape the future of the fashion industry by blending technology with retail.