Fashion Rental Grows Thanks to Online Apparel Pioneer Rent the Runway, Business and Industry Trends Analysis

Rent the Runway, an online site that rents dresses, jewelry and accessories, makes luxury affordable to its 126,841 subscribers (as of July 2021), up from 95,245 in mid-2020.  The site offers tens of thousands of dresses, tops, pants, skirts, as well as accessories and jewelry (many from top designers such as Badgley Mischka, Herve Leger and Vera Wang) which members rent for a few days and return in prepaid and addressed folding garment bags.  The company’s warehouse operations are housed in a 160,000-square-foot facility.  In addition to packing and shipping, the facility has been carefully designed to incorporate dry-cleaning and…

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