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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. Kering to acquire jewelry manufacturer Raselli Franco Group
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Savannah College of Art and Design debuts SCAD LUXE research center
  4. Louis Vuitton introduces Visionary Journeys Seoul
  5. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  6. Dior builds five-story statement flagship in Beijing
  7. Dolce & Gabbana debuts Devotion fragrance film
  8. Lamborghini heads to French Alps for women-led driving series
  9. Luxury Women to Watch 2017
  10. YSL Beauty explores boundary-breaking heritage through scent
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