Rent The Runway

Rent the Runway is a fashion subscription service that allows customers to rent designer clothing for a monthly fee. The company was founded in 2009 by Jennifer Hyman and Jennifer Fleiss with the goal of democratizing access to high-end fashion for women everywhere. Rent the Runway offers a variety of subscription plans, including a monthly subscription service that allows customers to choose new designer styles every month, as well as an à la carte rental service that allows customers to rent specific items for specific dates or occasions. The company also offers a resale service that allows customers to buy pre-owned designer clothing.

Rent the Runway has been recognized for its sustainability efforts, as the company's rental model helps to reduce the environmental impact of fashion by encouraging customers to buy less and wear more. The company is also committed to diversity and inclusion, with a mission to power women to feel their best every day and a focus on supporting Black designers.

Rent the Runway offers flexible work arrangements, including the ability to work remotely and set your own hours, though the specific details vary by role and location. They offer a variety of different work schedules, including full-time, part-time, and freelance opportunities, giving employees the ability to choose the arrangement that best suits their lifestyle and needs.

Rent The Runway offers a comprehensive benefits package to its employees, including medical, dental, and vision insurance, paid time off, and a 401(k) plan with company matching. They also offer a generous parental leave policy and a flexible work arrangement program to support their employees' well-being and work-life balance.

Rent the Runway's mission is to empower women to feel their best every day by democratizing access to fashion. They offer a variety of subscription programs, à la carte rentals, and resale offerings, allowing customers to wear designer clothing without having to own it. Their two-sided discovery engine helps customers discover brands they love, while also providing designers with access to new customers and insights. By encouraging customers to buy less and wear more, Rent the Runway aims to disrupt the traditional fashion industry and create a more sustainable and accessible way for women to get dressed.

Rent the Runway promotes a culture centered around empowering women and disrupting the fashion industry through its unique rental model. The company values innovation, sustainability, and inclusivity, fostering a collaborative and supportive environment where employees are encouraged to contribute their ideas and work towards a shared goal of democratizing access to high-quality fashion.

Rent the Runway strives to cultivate a diverse and inclusive workforce that reflects the population of individual contributors, with a focus on building a culture of equity and belonging. They are committed to ensuring their workforce remains diverse and that leadership reflects the population of individual contributors. This commitment extends to their work with designers, where they aim to support diversity in fashion through a $6 million cumulative spend with Black designers between fiscal years 2022 and 2026.