On Friday, clothing condo organization Rent the Runway introduced that it had introduced youngsters’ items to its internet site, which means that fashion-aware moms will now be able to rent designer clothes for their children without breaking the bank. Rent the Runway CEO Jennifer Hyman, a mother herself, informed Business Insider that this changed into a herbal extension of the enterprise. She said that many of the service’s 11 million members have kids, and those women are identifying what their kids put on.
Kids are constantly developing out in their clothes, so there is a financial and environmental advantage in not buying lots of recent garments. But, it is also a way that mothers can dress their kids in fancy clothes without being stressed about their gadgets being ruined. “Kids are messy,” Hyman stated. “With this release, you’ll in no way have to fear approximately a stain or a spill due to the fact Rent the Runway handles everything.”
The new presenting will characteristic as an extension of the monthly subscription services Unlimited and Reserve. Members will consist of youngsters’ items within the four portions of clothing or add-ons they can lease through the limitless carrier or upload on gadgets for a different rate.
Rent the Runway announced in March that it had raised $a hundred twenty-five million in a spherical of funding that valued the company at $1 billion. These days, It partnered with West Elm to provide clients the threat to rent pillows, duvets, and throws. Lyman stated that she plans to create the Amazon Prime of the apartment international. “Nothing is off the desk for Rent the Runway,” Hyman said when asked about the likelihood of supplying menswear or domestic decor objects inside the destiny.
Rent the Runway announced in March that it had raised $125 million in a round of investment that valued the organization at $1 billion. It also partnered with West Elm to provide clients with the risk of lease pillows, duvets, and throws. Lyman stated that she plans to create the Amazon Prime of the rental world. “Nothing is off the table for Rent the Runway,” Hyman noted while requested about the chance of offering menswear or domestic decor objects in the future.
