Rent the Runway, Inc. (RENT) 2021年年度报告「NASDAQ」.pdf

1、To our shareholders,2021 was a landmark year for Rent the Runway.Despite circumstances that were anything but normal,ourbusiness model demonstrated incredible resilience and continued to prove out what weve long known to be true that the Closet in the Cloud is a powerful everyday utility for women.B

2、uying clothing is wasteful,expensive andtime consuming.Rent the Runway,by contrast,enables deeper self-expression through fashion,helping womenshow up in the world exactly how they want to.Access to an unlimited closet has never been more relevant than it is today,with the COVID-19 pandemicchanging

3、already evolving consumer values permanently.After spending nearly two years sitting at homeevaluating our behaviors and our closets,living and getting dressed sustainably is more top of mind for all of us.Rising costs across the board have further reinforced our clear need for a more affordable way

4、 to change yourwardrobe and wear something new.And,after a deluge of canceled events and plans,were all ready to be outexperiencing and enjoying our lives with a wardrobe to match.As these tailwinds persist,we believe it isinevitable that fashion rental and specifically our subscription to fashion w

5、ill become even more relevant tomillions of women.Rent the Runway continues to be perfectly positioned to meet this moment.A number of key trends emerged asour business began to recover throughout spring and summer 2021,with customers demonstrating increasedloyalty and expanded use cases for their m

6、emberships.They moved beyond renting for special occasions andoffice attire,and began using their subscriptions for casual micro-occasions like dinner and drinks over theweekend,vacations and even just lounging at home.Today,over 54%of her use cases are for casual occasions.We also saw exciting geog