Rent the Runway CEO says it is changing how it buys apparel from brands to boost its profits

CNBC

Rent the Runway is still losing money, and it’s sending investors fleeing.

“Rent the Runway addresses the digital and secondhand channels, the fastest growing segments of the large and growing apparel market,” said Telsey Advisory Group CEO and Chief Research Officer Dana Telsey. “We see significant potential runway for growth.”

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