Hyman: Rent the Runway will reach profitability exceeding industry peer margins
Jennifer Hyman · Jennifer Hyman: Rent The Runway's Journey to $1.7B IPO; Lessons from Beyoncé & Estée Lauder | E1031 · 20VC with Harry Stebbings · Jun 28, 2023 · at 23:05
Jennifer Hyman, CEO of Rent the Runway, argues that her company's gross margin advantage over traditional apparel retailers ensures future profitability.
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“So there's no reason why you shouldn't believe that Rent the Runway will be profitable, and in fact, should be more profitable than those companies, because we already have a 15 to 20 point gross margin advantage.”
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