[fasteddie]

As a mediocre armchair accountant, I'm interested in how to read their P&L since so much of the loss is depreciated clothing, which they presumably continue to rent out even after they mark down the value of the clothes.

Presumably a dress has a much higher LTV in future implied subscription income then its inherent accounting liquidation value.

[asdfasgasdgasdg]

I'm not one of their customers, but my understanding is that they're all about renting out high fashion and near-high fashion. These dresses have a short lifespan that has nothing to do with their physical integrity. I doubt they have much value to RTR more than two or three years after they are acquired.

[jsjohnst]

> I'm not one of their customers, but my understanding is that they're all about renting out high fashion and near-high fashion.

That used to be the case, but not really anymore. They do more rental of “work” or “simple night out” clothing than they do higher formality clothing.

[spyspy]

Fashion is fast, but it's not _that_ fast. Most items would break down long before they go out of style.

[elliekelly]

I haven’t rented anything from them in several years but I know they used to sell the worn items at the end of the season or sometimes the end of the next season. They were really great deals, too. I would imagine they still sell the items at the end of their expected rental life though I’m not sure whether they sell directly to customers anymore. It wouldn’t surprise me if they had figured out a way to sell the older items in bulk.