Rent the Runway is selling both new and secondhand clothes on Amazon’s site, as the clothing rental company struggles with profitability and maintaining renewed growth after a pandemic slowdown. While the partnership was announced on Thursday, Rent the Runway had already sold inventory to Amazon and so had already recognized revenue from the deal in the quarter ended in October. That...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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