Rent the Runway Names Natalie McGrath Chief Marketing Officer - Seite 2
“As a company I have long admired, I am extremely energized about joining RTR and focusing on reigniting the brand during the next phase of its growth,” said McGrath. “I believe we can achieve significant scale by reminding customers of the value RTR can bring to their everyday lives, which we plan to do through merging some of the compelling founding themes of the brand with new marketing strategies, tactics and mediums.”
McGrath’s tenure will begin as the brand launches a renewed focus on workwear, one of the core use cases for a Rent the Runway subscription. The brand is planning product, experiential and influencer work around the category beginning this spring.
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About Rent the Runway, Inc.
Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud, the world’s first and largest shared
designer closet. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale
from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim,
casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and
differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s
“Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People
in the World" and as one of People Magazine’s “Women Changing the World.”
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements
that are not historical fact, including statements related to Rent the Runway’s business and brand/marketing plans, strategy related to workwear, market share, and future growth opportunity
and expectations.. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from expectations. These risks and uncertainties are
more fully described in our filings with the Securities and Exchange Commission, including in the section entitled “Risk Factors” in Rent the Runway’s Quarterly Report on Form 10-Q for the quarter
ended October 31, 2023, and subsequent reports that Rent the Runway files with the Securities and Exchange Commission. Forward-looking statements represent Rent the Runway’s beliefs and assumptions
only as of the date of this release. Rent the Runway disclaims any obligation to update forward-looking statements, except as required by law.