Rent the Runway

Year Founded
2009

Rent the Runway (RTR) is transforming the way modern women get dressed and disrupting the $2.4 trillion global fashion industry by enabling women to rent, versus buy, clothing. Founded in 2009 with a vision to build the world’s first living closet, RTR believes that women everywhere will soon have a subscription to fashion. By creating a new model of dynamic ownership, RTR has made apparel rental an indispensable utility while also empowering women to feel their best every day. RTR carries apparel, accessories and home decor from over 600 designer partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. RTR has five retail stores of the future, 11 million community members and employs nearly 1,800 people, all of whom have equal benefits across the organization, 93% of whom are female and/or non-white, with 80% of leaders who are women.