by Cailley LaPara | Nov 25, 2022
Fashion rental startup Rent the Runway touted an audacious goal for about a year: become the “Amazon Prime of Rental.” In March 2019, co-founder and chief executive Jenn Hyman gave CNBC anchors an idea of what she meant. “Anything that you do not use...
by Cailley LaPara | Nov 5, 2022
As Rent the Runway wraps up its first year on the stock market, the company is expected to see continued revenue growth as it seeks profitability. Investors will be focused on the company’s active subscriber count for evidence of executives’ assurance of a...
by Cailley LaPara | Oct 31, 2022
McDonald’s Corp. on Thursday posted strong growth in a key sales metric, demonstrating the company’s resilience in a turbulent economy as it dominates competitors. McDonald’s reported global comparable sales rose 10% in the quarter ended September 30, a...
by Cailley LaPara | Oct 9, 2022
Rent the Runway (RENT) announced plans to lay off nearly a quarter of its employees, a sign that the luxury apparel rental company is adjusting painfully to an uncertain retail environment. The layoff disclosure September 12 was the main piece in a restructuring plan...
by Cailley LaPara | Sep 20, 2022
The economy may be ailing but dominant healthcare stocks have so far resisted infection, and look poised to continue thriving. Pharmacy retailer and insurer CVS (CVS) closed Friday at $102 per share, just about where it began the year. Leading drug manufacturer Eli...
