Director of Product, Rent the Runway
$184-225.3k
More information about location
4 days a week in office
Women's clothing subscription service
Be an early applicant
Women's clothing subscription service
1001+ employees
Be an early applicant
$184-225.3k
More information about location
4 days a week in office
1001+ employees
Company mission
Rent the Runway's mission is to power women to feel their best every day.
Role
Who you are
- We are looking for a Product leader with experience in platform thinking, creating strong partnerships and who balances pragmatism with forward-thinking leadership
- The right candidate will have a strong technical background and good business sense, and will have knowledge of or interest in the latest AI technology that can transform ecommerce shopping
- You have 8+ years of product management experience, including people management
- Preferably in an e-commerce, merchandising, or other area leading a company in a new direction via its product(s)
- You are a confident and influential communicator
- From engineers to executives, you know how to talk and listen in remote & in-person environments
- You’re skilled at bringing stakeholders along in your decision-making process and are adept at telling a story that supports your recommendations and inspires teams
- You’re a relationship builder who engages well with stakeholders, understands their objectives and constraints and earns their trust
- You create vision and clarity from complexity and ambiguity
- You are comfortable and energized by uncharted problems
- You’re constantly learning
- You run experiments to validate assumptions and mitigate risks
- You are flexible and able to change direction as you learn
- You're a builder
- You are excited about creating new products that deliver significant business impact
- You thrive in change
- You are entrepreneurial in spirit with a passion for disruption
- You’re both a high level strategic thinker and a roll-up-your-sleeves operator who does what it takes to get things done and deliver results
- You're analytical
- You turn data into actionable insights
- You enjoy getting technical
- You’re comfortable working with engineers day-to-day and able to participate in technical discussions
- You have basic knowledge of data structures, experiment design, and using self-service analytics tools (like Google Analytics or Looker) to make decisions
- You have experience working in scrum/agile management methodologies
What the job involves
- As the Director of Product Management, you will lead product managers and squad teams whose mission is to help users discover styles that they want to rent or buy
- Your work spans showing all types of users how RTR’s closet could be their closet: from showing prospects how RTR fits into their lives, to helping subscribers continually find new ways to feel their best when they get dressed, to finding the perfect outfit for that next big occasion, to helping all users find previously-loved styles to buy
- Your teams will blend the art and science of building user-loved products and scalable platforms across our customer-favorite iOS app and our website
- You will oversee the continued investment in our technical tools like our CMS, merchandising tools and our iOS app, crafting a long-term vision in partnership with Engineering
- You’ll work across the major surfaces of the experience, improving the technical foundation as you improve the user experience
- You will influence across and up, setting the vision for long-term investment in the products your team owns
- Lead and develop a team of product managers as well as squads (including engineers, designers, researchers, data analysts) to set and deliver on highly visible and company-critical goals
- Build cross-functional teams tasked with continuous product discovery and delivery
- Cultivate a deep knowledge of the RTR customer, their pain points, and what makes them love their experience with RTR
- Prioritize rigorously across a number of business and technical investment areas
- Build the systems, tools and processes that will enable your team to succeed in the short- and long-terms
- Define the right success metrics and set clear targets to constantly strive for improvement
- Drive execution and ensure the team delivers the desired business outcomes efficiently
- Build the cross-functional relationships with other orgs within RTR that will ensure your team is building alongside our other subject matter experts
- Communicate plan and progress to key internal partners and executives. Actively listen and respond to feedback
- Maintain a solid pulse on market trends and conduct ongoing evaluations of relevant 3rd party offerings, to ensure our systems and processes are best-in-class
- Contribute to creating a learning culture and a fun, rewarding workplace where people can realize their full potential
Our take
Rent the Runway seeks to profit from two important trends in apparel consumption: wanting to stay on top of the latest fashion trends while living and purchasing sustainably. By providing a platform for women to rent designer pieces, its users can have it all.
The company allows users to rent, subscribe, or buy designer apparel and accessories. It achieves this with its network of partnerships with hundreds of top designers and managing the crucial but complicated logistics in-house. It offers its partnered brands sophisticated analytics about potential customers in return for lower prices on designer garments.
Rent the Runway is now focused on diversifying revenue streams while reducing its costs. Its recent partnership with Amazon is an example of this new direction: while it will use this channel to sell clothes previously rented through its platform, it will, for the first time, be selling new clothes based on rental items modified in line with market data.
While moves such as this may well shift Rent the Runway towards profitability, it also risks undercutting the company's central message of sustainability and supporting the circular economy. The company believes that by creating better quality clothing, it will nonetheless be aiding in the fight against fast fashion. Time will tell if this move helps or hinders the sustainability movement, but it is likely to boost Rent the Runway's bottom line regardless.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-6% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Apr 2020
$80m
SERIES G
Mar 2019
$125m
SERIES F
Total funding: $401.2m
Company benefits
- Generous Paid Time Off including annual leave, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.
- Universal Paid Parental Leave for both parents + flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
- Paid Sabbatical after 5 years of continuous service
- Exclusive employee subscription and rental discounts
- 401k match
- Work from home opportunities
- Comprehensive health, dental care and dependents care from day 1 of employment - Your health comes first and we’ve got you covered.
- Competitive Stakeholder Pension - taking care of your future
- Company wide events and outings - our team spirit is no joke - we know how to have fun!
- Hybrid Work - our corporate employees have the option to work remotely 3 days a week, in accordance with Company policies
Company HQ
Hudson Square, New York, NY
Leadership
Jennifer Hyman
(Co-Founder, CEO & Chairman of the Board)Prior to Rent the Runway, was director of business development at IMG where she focused on the creation of new media businesses for IMG's fashion division.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 8 more jobs at Rent the Runway