Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative of a struggling company, or is it merely a recalibration? Apparel subscriptions, known for their high loyalty, have been reported to be the most steadfast. The company has said it does indeed have loyal customers, translating to higher profitability. The company’s chief operating officer and president, Anushka Salinas, is also set to lea ...

Clothing-Rentals  (AP Photo/Seth Wenig)Copyright 2019 The Associated Press. All rights reserved.Rent the Runway announced that it is eliminating 37 corporate positions and COO Anushka Salinas will leave the company on January 31. Her resignation comes on the heels of a company restructuring. These actions are on top of earlier staff cuts made last September.Jennifer Hyman, CEO, and chair of the board, explained that these steps were taken to help the company restore the growth and achieve profitability.Rent ...

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff.The company plans to let go of about 10% of its corporate employees, it said in a Tuesday (Jan. 9) regulatory filing.That filing also reveals that Chief Operating Officer Anushka Salinas will step down Jan. 31, with Co-founder and CEO Jennifer Hyman set to fill Salinas’ duties.“The Company expects to incur charges of approximately $3 million to $4 million for the Restructuring Plan, substantially all of which is expe ...

Rent the Runway (NASDAQ:RENT) layoffs are on the way as the shared designer closet company announced plans to cut jobs as part of a restructuring plan.A filing with the Securities and Exchange Commission (SEC) reveals that Rent the Runway is going to cut 10% of its workforce as part of that restructuring. The company intends to complete the major of its restructuring by the end of its fiscal fourth quarter of 2023.Rent the Runway says that the layoffs will result in one-time charges between $3 million and $ ...

Rent the Runway Inc (NASDAQ: RENT) is in focus this morning after announcing a major restructuring that includes lowering its headcount.How many employees will be laid off?Copy link to sectionThe eCommerce platform says it will lay off 10% (roughly) of its corporate employees to focus its spending on growth initiatives that support its profitability goals. Anushka Salinas also stepped down as the chief operating officer and president of Rent the Runway on Tuesday.  CEO Jennifer Hyman will assume both roles ...

Rent the Runway, Inc. (NASDAQ:RENT) Q3 2023 Earnings Conference Call December 5, 2023 4:30 PM ET Company Participants Cara Schembri - General Counsel Jennifer Hyman - Co-Founder and CEO Sid Thacker - Chief Financial Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Eric Sheridan - Goldman Sachs Juliana Duque - Wells Fargo Nathan Feather - Morgan Stanley Andrew Boone - JMP Security Ross Sandler - Barclays Operator Welcome to Rent the Runway’s Third Quarter 2023 Earnings Results Confere ...

RENT THE RUNWAY Forward-Looking Statements Disclaimer 2RENT THE RUNWAY This presentation contains forward-looking statements within the meaning of the the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward looking statements. These statements include, but are not limited to, statements regarding our future results of operations, financial position, and revenue, impacts of the Company's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number 001-40958 RENT THE RUNWAY, INC. _______________________ ...

Rent the Runway, Inc. (NASDAQ:RENT) Q2 2023 Earnings Conference Call September 8, 2023 8:30 AM ET Company Participants Cara Schembri - General Counsel Jennifer Hyman - CEO and Co-Founder Sid Thacker - CFO Conference Call Participants Rick Patel - Raymond James Ike Burochow - Wells Fargo Andrew Boone - JMP Securities Ross Sandler - Barclays Nathan Feather - Morgan Stanley Edward Yruma - Piper Sandler Dana Telsey - Telsey Advisory Group Eric Sheridan - Goldman Sachs Operator Hello, and welcome to Rent the Run ...

Q2 2023 Earnings Presentation September 8, 2023 This presentation contains forward-looking statements within the meaning of the the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward looking statements. These statements include, but are not limited to, statements regarding our future results of operations, financial position, and revenue, future product launches, business objectives, an ...