Fashion rental company Rent the Runway discloses drop in revenue in IPO filing By Reuters – Investing.com

Fashion rental company Rent the Runway discloses drop in revenue in IPO filing By Reuters – Investing.com

(Reuters) - Rent the Runway on Monday made public its paperwork for a stock market flotation in the United States, disclosing a near 39% drop in revenue for the fashion rental company last year.

The company reported revenue of $157.5 million for the fiscal year 2020, down from $256.9 million a year earlier. Its net loss widened to $171.1 million in the same period, from $153.9 million a year earlier.