FILE PHOTO: The Rent The Runway store, an online subscription service for women to rent designer dress and accessory items, is seen in New York City, New York, U.S., September 12, 2019. REUTERS/Shannon Stapleton
(Reuters) -Rent the Runway on Wednesday forecast full-year revenue below Wall Street estimates, sending the apparel rental firm's shares down 4% in extended trading.
The downbeat outlook comes at a time when fashion retailers are expected to benefit from a post-COVID recovery in demand for dress and formal attire, as the United States gears up for the most number of ceremonies since 1984 after the pandemic delayed weddings and other social events.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
