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HerMoney with Jean Chatzky

Ep 69: Renting The Runway With Jennifer Hyman

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 2 August 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

The average woman buys 64 items of clothing every year, then wears each one just three times or less. Jennifer Hyman, founder and CEO of Rent The Runway, says social media has completely changed the way we shop for clothes. She shares her secrets and philosophies. In Mailbag, budget-tracking apps, refinancing student loans, and Roth IRAs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an airwave media podcast.

0:04.0

Her money is supported by Fidelity Investments.

0:13.0

Together we're here to empower, educate, and encourage women to start talking about money.

0:19.0

Discover more at fidelity.com slash its time.

0:23.7

Her money comes to you through PRX. Hey it's Jean Chatsky and welcome to her money if you've been listening to this show for any length of time.

0:44.6

You know that we are big fans of Rent the Runway.

0:47.7

And Kelly and I both have been subscribers

0:51.1

to their unlimited program, and I think we first thought about doing

0:55.9

this because we had Joanna Coles on the show yes we had Joanna Coles on the show in a very

1:01.1

early episode and she came in just exploding with the

1:06.1

information about how her assistant and other young women in her office had

1:11.0

gone unlimited and it revolutionized their wardrobe and

1:14.8

Kelly is decked out today in some 2,000 dollar dress that she got with her

1:21.6

139 monthly subscription she looks

1:24.8

looks fantastic. I mean Kelly if you've ever seen her looks

1:27.6

fantastic in everything but we're big fans which is why we are so

1:32.0

excited that fresh off maternity leave, Jennifer

1:36.2

Hyman, co-founder, Chief Executive Officer of Rent the Runway, is here with us in the studio today.

1:43.8

And let me just tell everybody, Rent the Runway

1:47.1

for those of you who don't know has been the disruptor

1:50.7

in the 1.7 trillion dollar fashion industry by offering women clothing rentals for just about every occasion and they started with clothing that you might need to go out on a fabulous date or to a wedding, but have really expanded

2:06.6

into everyday wear.

...

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