Rent the Runway’s subscriber count bounces back from its pandemic-driven decline. Plus, why some retailers are closing stores and finding more success than ever – and Mattress Firm and Guitar Center emerge from pandemic malaise with IPOs.
Data:
80K: Approximate number of retail stores that could close in next five years, according to Rent the Runway.
126,800: Total number of Rent the Runway subscribers through July 2021.
96%: Share of Gen Z shoppers who make purchases online.
30: Number of major retailers who went bankrupt in 2020.
17%: Growth in online-native shoppers since the start of the pandemic.
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