1044 ET - Rent the Runway ended its 4Q with a 5% decline in active subscribers as revenue from subscription and reserve rental revenue fell 1.2% from the prior year. The apparel rental company said it had lower subscription acquisition because it spent less on advertising to try to understand the effectiveness of its marketing spending. Now, Rent the Runway is trying to increase its inventory to grow subscriptions and improve customer satisfaction. It made its largest ever inventory acquisition, which it expects to double inventory in fiscal 2025. Shares fall 10% to $4.85. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 10:44 ET (14:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。