Is fashion rental ready for its second act?
A clothing rental renaissance is underway. Rent the Runway — the long-time leader in the space that teetered on bankruptcy during the pandemic — has rebounded. The company reported $306.2 million in revenue in 2024, a 2.7 per cent year-on-year increase since 2023, and said subscriptions are now just shy of pre-pandemic highs. Urban Outfitters’s…
