Rent the Runway Targets 25% Increase in Active Subscribers

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Rent the Runway Targets 25% Increase in Active Subscribers
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The company has been cutting costs and sweetening its service to make the final push toward profitability.

rental service ended its fiscal year on Jan. 31 with 126,712 active subscribers, a 10 percent annual increase.

Now the firm is projecting a total increase of 25 percent this year, putting it on course to end 2023 with over 158,000 active subscribers. . It also recently introduced a Shop the Look feature that helps subscribers put together full outfits and sped up the website, amid other tweaks.

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