Rent the Runway CEO: "I plan to" put H&M and Zara out of business

Pedestrians walk past the Fifth Avenue store owned by H&M. Photo: Kathy Willens / AP

Fashion rental service Rent the Runway is upping its game; the company is looking to expand to rural America with physical stores, and replace full wardrobes instead of being used for only special occasions, per Bloomberg.

"I want to put H&M and Zara out of business," CEO Jennifer Hyman told Bloomberg. "I don't want to...I plan to."