Senior Product Manager, Rent the Runway
Consumer Experience
$138.4-173k
+ Equity
1+ day a week in office (Brooklyn, NY)
Women's clothing subscription service
Job no longer available
Women's clothing subscription service
1001+ employees
Job no longer available
$138.4-173k
+ Equity
1+ day a week in office (Brooklyn, NY)
1001+ employees
Company mission
Rent the Runway's mission is to power women to feel their best every day.
Role
Who you are
- Bachelor’s Degree and 5+ years experience; ideal candidate has been in a senior product role at an e-commerce company
- You have experience successfully driving growth and consumer acquisition, retention, or engagement strategies
- A relationship builder who collaborates and engages well with stakeholders. Works to understand their objectives and earns their trust by proactively engaging them in the product process, bringing creative solutions to the table, and leading discussions around new learnings and strategies
- You are Insights and data-driven. Passionate about unlocking new learnings and have experience leveraging Data Science & self-service analytics tools to make decisions (Heap, Looker, Google Analytics)
- You demonstrate proficiency in thinking through the technical implications of product features, considering both backend infrastructure needs and frontend user experience to ensure holistic and scalable solutions
- Highly organized leader & strong communicator with the ability to drive results and keep their team motivated and accountable
- You are both a strategic thinker and a roll-up-your-sleeves operator
- Obsessed with knowing your customer and empathizing with their pain points, dreams and aspirations
What the job involves
- As a Senior Product Manager, you will be responsible for exponentially scaling RTR’s customer growth via multiple strategic initiatives within the company
- You will operate at the intersection of business, technology, and user experience to deliver functionality that helps us attract, onboard and delight new customers and retain and delight existing ones
- You will push the envelope and drive innovative enhancements to our app, desktop, and mobile web experiences
- You will develop a data-driven product strategy to hit ambitious customer targets
- In partnership with our Engineering organization, you will execute against the strategy and test, learn, and iterate to deliver the best outcomes
- Define and drive the acquisition, engagement, and retention product strategy, aligning it with overall business goals and objectives, including setting quarterly OKRs
- Identify key customer types using both qualitative and quantitative methods to create a strategy and build delightful and impactful customer experiences that meet their unique needs
- Deeply understand user behavior and key product metrics, guiding us on how we are performing and providing recommendations when we need to pivot or double down on what’s working
- Lead a product squad and develop a roadmap of hypothesis-based initiatives to deliver on OKRs, from discovery to delivery, and identifying the highest impact work and best way to deliver
- Identify opportunities through funnel analysis, revenue data, qualitative/quantitative research, and customer feedback, uncovering friction points and education across the prospect experience
- Bring a collaborative approach to product development
- You will act as a thought leader with a POV on how to drive growth for our business and foster a team culture that celebrates that great ideas can come from anywhere
- Partner closely with engineering, design, data, merchandising, marketing, and user research team members
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
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