Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark

[ad_1] Nuuly warehouse Natalie Rice Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump…

Rent the Runway’s losses narrow as company edges closer to profitability

[ad_1] Rent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work towards profitability. Despite the improvements the…

Rent the Runway to sell secondhand luxury on Amazon as it chases profitability

[ad_1] Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. …