Retail News

Rent the Runway is cutting nearly one in four corporate staff

The Wall Street Journal 09/13/2022

Rent the Runway said it will reduce its corporate workforce by 24 percent as it seeks to align its overhead with revenues. Jenn Hyman, cofounder and CEO of Rent the Runway, said the move is necessary to enable the company to achieve “profitability at much lower revenue numbers.”

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!