Rent the Runway, Inc. (RENT) 2022年年度报告「NASDAQ」.pdf

1、ANNUAL REPORT 2022To our stockholders,2022 was an important year for Rent the Runway.We completed a multi-year financial transformation,doubling our gross margins since 2019,restructuring our debt and setting the company up to meet our profitability goals.We believe that we are operating as a fundam

2、entally stronger business than we were just one year ago,and that the world around us continues to evolve in support of our value proposition of an unlimited closet that you dont have to own.The market for fashion subscription and rental-which we created-has taken off,and is expected to see signific

3、ant growth over the next decade.Women today think about building their wardrobe in a way that is starkly different than at the time of our founding in 2009:they are open to secondhand apparel,and they are excited to subscribe to and rent fashion.Whats more,weve built a brand that is synonymous with

4、the category and offer a premium matrix of designers.Our brand assortment includes hundreds of top designers from around the world and our lifetime user base is comprised of millions of young,professional,educated,high-income women-a highly covetable demographic.When I founded RTR over 14 years ago,

5、women had rarely considered the idea of renting clothing and many saw secondhand clothing to be at best,unusual,and at worst,unhygienic.Today,we have a beloved brand that we believe is much larger than our business and bodes well for our future growth.As of the end of fiscal 2022,our unaided awarene

6、ss as a clothing rental service was 22%,which means that when women in our broad target demographic are asked to name a clothing rental service,more than one-fifth of them say“Rent the Runway.”But it isnt enough just to know our name-customers have to understand the value we offer,especially in toda