Rent the Runway is expanding its customer base through a new partnership with Amazon Fashion, where it has launched an online storefront.
Amazon customers can purchase items from Rent the Runway’s designer exclusives as well as secondhand garments retired from its rental service, per an emailed press release.
The online apparel rental service didn’t update its holiday guidance, per the release. Previously, the company said it expects Q4 revenue to land between $72 million and $74 million, with adjusted EBITDA margin of 4% to 5%, and full year revenue between $293 million to $295 million, with adjusted EBITDA margin of 1%.
Source: Retail Dive