Rent The Runway is a $400 million site that lets patrons rent clothes instead of buying them. And its CEO, Jennifer Hyman says her greatest operating cost is shipping. While people expect shipping prices to go down, UPS and FedEx raise their tariff every year, she says.
Rental companies like Rent The Runway, Pley and Sparkbox Toys can look at optimizing shipping costs with LateShipment. Recovering refunds for shipments that are delivered late can help you stretch your shipping budget!
Read our previous post on rental businesses and glitches they encounter.
