Clothing-rental startup Rent the Runway, which has struggled with falling revenue since the start of the pandemic, said it is scrapping its unlimited subscription plan and replacing it with a pricier option that caps the number of items customers can rent each month. Currently, customers can pay $159 a month to rent as many clothing items, shoes and accessories as they want. Starting next week, Rent the Runway will swap out the unlimited plan for one that allows customers to rent up to 16 items for $199 a month. Existing unlimited...

Source: Wall Street Journal September 18, 2020 20:36 UTC