The rental platform’s revenue is up from last year — with the number of active subscribers more than doubling — but figures still remain below pre-pandemic levels.

Investors are eyeing the peer-to-peer model in rental because of its low cost structure.

The recent shuttering of rental start-up Seasons highlights how logistics costs and uncertain cash flow have dimmed the prospects of a once-hot retail concept.

This week, everyone will be talking about Rent the Runway’s IPO and Shopify’s growth plans.