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 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 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...
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...
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...