Retail | Times Square Investment Journal

Rent The Runway aspired to be the ‘Amazon Prime of Rental.’ That dream never made any sense

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...

Dependence on subscriber growth leaves Rent the Runway on narrow path to profits

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...

Rent the Runway plans heavy job cuts as subscribers drop off

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...

Chewy Focuses on Pet Health in an Attempt to Become More than Just a Pandemic Success Story

by Angela Palumbo | Dec 30, 2021

Angela Palumbo Michelle Dougherty from Houston, buys everything for her dog Zito through Chewy Inc. Not only does Dougherty buy Zito’s food, pet pajamas and toys from Chewy, but she buys his prescription medication from there as well. “The site has a...

Best Buy is overhauling its stores to keep up with online deliveries. Will it be enough to take on Amazon and larger rivals?

by Francisco Velasquez | Dec 29, 2021

By: Fran Velasquez Best Buy Co Inc. (BBY) is merging its in-store shopping experience with delivery as it scrambles to meet the rising demand for online shipping. The Minnesota-based electronics retailer began in March 2020 shifting its brick-and-mortar business...

Supply chain Disruptions are Causing a Ruff Few Months For Chewy

by Angela Palumbo | Dec 19, 2021

Angela Palumbo Chewy Inc. (CHWY) is not immune to the issues caused by supply chain disruptions, which have resulted in low stock on some of its most popular products. Along with supply chain issues, labor shortages, inflation and a decline in pet adoptions have all...