Rent the Runway CEO sees a path to profitability
December 10, 2021
Rent the Runway CEO Jenn Hyman thinks her company’s “capital-light” approach will help keep costs and eventually move the company from the red to the black. “The unit economics of our business are strong,” said Ms. Hyman. “We’re seeing incredible resiliency in the model. And I think the tailwinds that have built our business — which is really the focus on making more environmentally conscious choices, less focus on ownership and more on spending your money on experiences and access — those things have never been more powerful.”
Recent News
Study Finds That Chemicals Inside Cars Can Cause Cancer
Flame retardants are added to vehicle interiors, but contain disease-causing agents.
Amazon Beauty’s Summer Beauty Haul Returns
As the summer approaches, Amazon Beauty is rolling out its much-anticipated Summer Beauty Haul.
Popular Sriracha Sauce to Cut Production This Summer
The popular condiment may be tougher to find than ever.
Cyberattack Disrupts Ascension Healthcare, Ambulances Diverted
A significant cyberattack has struck the core of the U.S. healthcare system, sending shockwaves through Ascension, a nonprofit network encompassing 140 hospitals across 19 states.