GM, Reserve Business

About Us:

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the worlds first Closet in the Cloud. Founded in 2009 RTR has disrupted the $2.4 trillion fashion industry by inspiring women with a more joyful sustainable and financially-savvy way to feel their best every day. As the ultimate destination for circular fashion the brand now offers infinite points of access to its shared closet via a fully customizable subscription to fashion one-time rental or ownership. RTR offers designer apparel and accessories from hundreds of brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hymans leadership RTR has been named to CNBCs Disruptor 50 five times in ten years and has been placed on Fast Companys Most Innovative Companies list multiple times while Hyman herself has been named to the TIME 100 most influential people in the world and as one of People magazines Women Changing the World.

About the Job:

As the GM of Reserve you will lead and accelerate the growth of RTRs original special event rental business that enables customers to reserve styles in advance for specific occasions. This role gives you a meaningful opportunity to serve millions of women at key moments in their lives and shape their experience with RTR. As a GM you will have P&L responsibility over this core revenue stream for RTR and will be responsible for setting the vision driving an aggressive growth strategy and executing against a comprehensive roadmap to unlock the next phase of growth for Reserve.

You will operate at the intersection of product merchandising marketing pricing inventory and operations leading a dedicated cross-functional team (including engineers) to deliver a best-in-class customer experience and strong financial performance. This is an ideal role for a strategic data-driven operator who can move seamlessly between vision and execution and is excited to reimagine and scale a consumer-facing business.

This is a full-time role reporting to one of RTRs Executive team members overseeing growth and will be part of the companys extended leadership team.

Responsibilities:

• Own the Reserve Business (GM P&L Ownership): Own the P&L for the Reserve business including revenue growth contribution margin and cost structure. Define and execute a strategy to scale Reserve including identifying new growth levers customer segments and use cases. Establish clear KPIs and performance dashboards to measure success.
• Drive Growth & Customer Experience: Identify and unlock new customer acquisition and engagement opportunities while optimizing the end-to-end customer journey from discovery and search to booking fulfilment and returns. Explore marketing pricing merchandising and promotional strategies to maximize traffic conversion and revenue per visit.
• Lead Product & Technology Roadmap: Define and prioritize the product roadmap for Reserve in partnership with Product and Engineering. Lead a dedicated team of engineers to build and ship features that improve conversion discovery and operational efficiency.
• Optimize Assortment & Merchandising: Partner with Buying Site Merchandising and Inventory teams to curate high-performing assortment aligned to Reserve use cases (events weddings seasonal moments) as well as drive improvements in inventory utilization and availability.
• Improve Operations & Fulfillment: Partner with Operations to optimize booking windows and the fulfillment experience while ensuring operational excellence for time-sensitive reservations.
• Cross-Functional Leadership: Lead a cross functional team spanning product engineering merchandising marketing and operations while serving as the central point of accountability for Reserve performance. Present regular business updates insights and strategic recommendations to executive leadership.
• Test Learn & Reimagine: Build a culture of rapid experimentation and iteration while identifying opportunities to reimagine the Reserve experience to drive step-change growth. Stay ahead of industry trends in e-commerce fashion and consumer behavior.

About You:

• 10 years of experience in strategy operations product or general management roles within e-commerce retail or consumer-facing businesses
• Proven experience owning a business line or P&L with a strong understanding of revenue drivers and cost structures and ability to employ creative solutions to deliver quantifiable business impact
• Strong track record of driving growth executing cross-functional initiatives and operating with a high level of autonomy in dynamic and fast-paced environments
• Experience working closely with Product and Engineering teams to build test and launch customer-facing features
• Highly analytical and data-driven with the ability to translate insights into action
• Comfortable operating at both strategic and executional levelsfrom setting vision to rolling up your sleeves with a no task is too small mindset
• Excellent communication and stakeholder management skills with experience presenting to executive leadership and gaining alignment across multiple stakeholders with varying priorities
• Passion for delivering exceptional customer experiences as well as for the broader fashion-tech and rental/resale economy
• Experience in fashion/apparel digital merchandising and/or optimizing conversion funnels is preferred

Benefits:

At Rent the Runway were committed to the wellbeing of our employees and aim to create a workplace that fosters both personal and professional growth. Our inclusive benefits include but are not limited to:

• Paid Time Off including vacation paid bereavement and family sick leave - every employee needs time to take care of themselves and their family.
• Universal Paid Parental Leave for both parents flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
• Paid Sabbatical after 5 years of continuous service - Unplug recharge and have some fun!
• Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).
• Comprehensive health vision dental FSA and dependent care from day 1 of employment - Your health comes first and weve got you covered.
• 401k match - an investment in your future.
• Company wide events and outings - our team spirit is no joke - we know how to have fun!
• Hybrid Work - our corporate employees have the option to work remotely Fridays in accordance with company policies.

Rent the Runway is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant or employee based on any legally-recognized basis including but not limited to: race color religion sex (including pregnancy lactation childbirth or related medical conditions) sexual orientation gender identity age (40 and over) national origin or ancestry citizenship status physical or mental disability genetic information (including testing and characteristics) veteran status uniformed service member status or any other status protected by federal state or local law.

The anticipated base salary for this position is $220000 to $270000. The actual base salary offered will depend on a variety of factors including without limitation the qualifications of the individual applicant for the position years of relevant experience level of education attained certifications or other professional licenses held. This position is also eligible for equity compensation.

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