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March 26, 2026
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Retail

Rent the Runway hits subscriber record, sales up 100pc

June 10, 2022

As resale and rental business models gain traction, shoppers are heading to Rent the Runway. Image credit: Rent the Runway

 

By Luxury Daily News Service

Online fashion rental platform Rent the Runway is seeing strong momentum as it reached $67.1 million in revenue for the first quarter ending April 30, 2022, a 100 percent increase year-over-year.

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  1. Estée Lauder Cos. confirms merger talks with Puig
  2. Natural Diamond Council introduces World Diamond Day
  3. Longchamp, France’s Shapers Club form artisanal connection
  4. Belmond announces summer debut of rebranded river cruiser, Marguerite
  5. The Macallan brings ‘Distil Your World’ series to Paris
  6. Luxury Unfiltered: The conflict in Iran is a wake-up call for luxury
  7. Luxury Unfiltered: Why most luxury brands are talking to the wrong part of the brain
  8. Richard Mille signs title partnership with Superyacht Cup Palma
  9. Coty shakes up board, announces resignations
  10. Loewe presents creative directors’ debut collection at Bergdorf Goodman
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