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Luxury apparel rental platform Rent the Runway is searching for new ways to stimulate profitability after a difficult year. Vice President Chris Ventry was featured in Modern Retail article, “Rent the Runway Rethinks Strategy in Its Quest to Finally Turn a Profit” about the environmental and consumer trends that have impacted Rent The Runway this past year.
Chris explains how many events of the past year have shaped the success of the company, “Lower than expected customer growth has kept Rent the Runway below 2019 subscriber levels. Delta’s overhang stymying the return to societal events and companies opening up did not help the last quarter.”
Read the full article here.
Chris Ventry serves as a Vice President in the Retail & Consumer Packaged Goods practice at SSA & Company