Earnings
Dependence on subscriber growth leaves Rent the Runway on narrow path to profits
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.
Section
Retail
Rent the Runway
Rent the Runway plans heavy job cuts as subscribers drop off
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.
Company Insights
Chewy Focuses on Pet Health in an Attempt to Become More than Just a Pandemic Success Story
Angela Palumbo Michelle Dougherty from Houston, buys everything for her dog Zito through Chewy Inc.
Best Buy
Best Buy is overhauling its stores to keep up with online deliveries. Will it be enough to take on Amazon and larger rivals?
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.
Earnings
Supply chain Disruptions are Causing a Ruff Few Months For Chewy
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.
Best Buy
Best Buy beats Wall Street expectations in latest earnings report, but performance will depend on its recent acquisitions and member based program
By: Francisco Velasquez Best Buy Co Inc. (BBY) reported better than expected third quarter earnings ahead of the holiday season.
Best Buy
Best Buy wants to reduce their physical footprint to focus on delivery. But will it pay off?
By: Francisco Velasquez Best Buy Co.
Company Insights
Chewy CEO Hints at Future Brick and Mortar Locations – It’s a Potential Cat-astrophe
Angela Palumbo In a recent interview with Fortune, Chewy Inc. (CHWY) CEO Sumit Singh did not deny the possibility of the company opening retail locations in the future.
Company Insights
Chewy to Launch Marketplace for Veterinarians to Sell Pet Meds
Angela Palumbo Chewy INC (CHWY) said in a recent press release that it’s launching an online pharmaceutical platform for veterinarians to order prescription medications for their clients.
Best Buy
Best Buy launches a tech-support membership following pilot program
By: Francisco Velasquez Best Buy Co Inc. announced Tuesday that it is launching Totaltech, a tech support membership program.
Company Insights
The food service industry and the long road ahead
Investors believe the restaurant and food retail industry is in-store for prolonged growth, so long as companies continue to keep up the changes they made because of the pandemic.
Company Insights
Thriving in the pandemic, mass merchants are the stock market’s big winners
Over the past six months, BJ’s (BJ), Costco (COST), Target (TGT) and Dollar General (DG) have all eclipsed the recent high-powered performance of the S&P 500 Index.