Rent the Runway Q1 sales double, profit losses unchanged Rent the Runway Rent the Runway The New York-based company said revenues for the first quarter totalled $67.1 million. The luxury platform said active subscribers totalled 134,998, up 82% year-over-year from 74,018…
A.K.A. Brands reports second-quarter sales miss A.K.A Brands announced on Thursday preliminary financial results for the second quarter, highlighting a net sales increase of 6% or 11% in constant currency to $158.5 million for the three months ending June 30.…
TikTok introduces Avatar feature TikTok introduced last month a new Avatar feature as part of the latest addition to the platform and as a means for showcasing the community’s individuality. TikTok introduces Avatars. – TikTok The new feature allows users…
Away launches outdoor-focused travel essentials line Travel lifestyle brand Away announced on Wednesday the launch of a new line of outdoor-focused travel essentials. Away launches outdoor-focused travel essentials collection. – Away Dubbed ‘F.A.R—For All Routes’ and dropping on June 28,…
Walmart cuts full-year profit forecast as fuel, labor costs spike By Reuters API Walmart Inc cut its full-year profit forecast on Tuesday, signaling a bigger knock to the retail giant’s profit margins from surging costs of everything from fuel to…
Chufy’s Sofia Sanchez de Betak launches collab with Rossy de Palma Sofia Sanchez de Betak is kinda the It-Gal of the It-Gals in Paris. Mum, graphic artist, influencer, entrepreneur and fashion designer, Sanchez de Betak debuts her latest collab for her…
Pinterest to acquire The Yes Pinterest Pinterest to acquire The Yes. – Facebook: Pinterest Founded in 2018 by CEO Julie Bornstein, and CTO, Amit Aggarwal, The Yes provides a personalized daily shopping feed based on users active input on brand,…
Lululemon names Isabel Ge Mahe to board Lululemon athletica inc. announced on Tuesday the appointment of Isabel Ge Mahe to serve on its board of directors. Lululemon names Isabel Ge Mahe to board of directors. – Facebook: Lululemon Ge Mahe…
Target warns of margin hit as rising costs dent profit, shares slump 26% By Reuters Target Photo: Reuters Shares tumbled 26% following the bleak results that came a day after larger rival Walmart Inc cut its annual profit view and…
Russians flock to H&M as fashion retailer opens stores to sell inventory By Reuters A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M H&M Scores of consumer brands suspended operations in…
