As a mediocre armchair accountant, I'm interested in how to read their P&L since so much of the loss is depreciated clothing, which they presumably continue to rent out even after they mark down the value of the clothes.
Presumably a dress has a much higher LTV in future implied subscription income then its inherent accounting liquidation value.
Presumably a dress has a much higher LTV in future implied subscription income then its inherent accounting liquidation value.