Womens Apparel: She Was The Coo And President Of Right Media An Online Advertising Startup That Sold To Yahoo
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Choose classic and you can’t go wrong. As an adult, you can share almost everything with strangers, as a child, you were ld not to speak to strangers. It’s called the sharing economy and this seemingly altruistic shift is big business. What about everyday clothes, It’s one of the concerns to rent fancy ball gowns. That’s just what they’re doing at Gwynnie Bee, a subscription rental clothing service for women sizes 10 to 32. I’m sure it sounds familiar. One company that’s taking the sharing economy to new heights is Gwynnie Bee. Companies that adhere to the sharing economy’s business model of access over ownership have the potential to increase global revenues from roughly $ 15 billion day to about $ 335 billion by 2025, as PricewaterhouseCoopers predicts in its 2015 report. Keep reading! Amongst the advantages of Gwynnie Bee is the online community that has formed among members.
While styling tips, reviews, and more, using Gwynnie Bee’s website, Instagram page, and even creating their own fan pages on Facebook, members share photos. Then the vast, untapped possibilities, Hunsicker also knew that a company designed solely for women sizes 10 and up should greatly benefit a large segment of the population. Founded in 2011, Gwynnie Bee offers customers many of us know that there are a few subscription plans available. Most popular subscription plan allows members to rent three items at a time for $ 79 a month. Similar to Netflix’s DVD plan, members can keep the items for as long as they need, ship them back for free, and get another item that was in their queue. Rent the Runway Unlimited, currently in beta form, is scheduled to fully launch this spring.
Rent the Runway, known for renting highend luxury dresses and accessories, plans to offer a subscription rental service for everyday clothes need. CEO Christine Hunsicker is no stranger to the startup world. COO and president of Right Media, an online advertising startup that sold to Yahoo for $ 850 million, and after that became the COO of Drop.io, an online file sharing service that was purchased by Facebook. Following that success, Hunsicker decided to create her own business and acquire the fashion world. Though the sharing economy has come to life in the new millennium, so it is not just a young person’s game.
