Inflation may work to Rent the Runway’s advantage
April 14, 2022
Rent the Runway CEO Jennifer Hyman thinks rising consumer prices represent an opportunity for her company’s rental subscription service to grow. The company offers subscriptions with monthly fees ranging from $94 to $235. Rent the Runway markets itself as “value oriented way to get dressed for multiple events.”
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.