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The Latest Breaking News from RENT

High Orlando rents are ‘a new normal,’ expert says

The explosive cost of rent around the country continued to cool in December, according to a report released Thursday, but one expert says the high prices of the past two years are likely to be “the new normal” for Orlando, Florida.

Orlando Sentinel

5 Stocks You Don’t Want to Get Stuck Holding in 2023

The labor market showing resilience indicates more rate hikes ahead. And the Fed’s prolonged interest rate hiking cycle is raising the odds of a recession in 2023. Amid the weakening economic outlook, fundamentally bleak stocks Coinbase Global (COIN), Equinox Gold (EQX), Tellurian (TELL), ContextLogic (WISH), and Rent the Runway (RENT)…

StockNews.com

Fed up with LA's skyrocketing rent, they embraced communal living

LOS ANGELES -- When Faith Blakeney, an interior designer known for her all-embracing, soulful interiors, first laid eyes on a charming Spanish rental in Culver City three years ago, the single mother was living with her daughter, Noa, in a 600-square-foot granny flat in Palms.

Los Angeles Times

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It’s a wrap! 40 of the best coats for winter

From trenches to puffers, leather to wool, there’s a winter coat for everyone. We pick the best to buy, rent and thrift

The Guardian - UK

The Worst Stock to Buy During Times of High Inflation

Rent the Runway (RENT) is slated to cut its workforce by 24% in the face of declining consumer spending amid soaring prices. Its subscriber count dropped in the last quarter. The stock has lost more than 70% year-to-date. Given the stubbornly high inflation, RENT might be best avoided. Keep reading….

StockNews.com

ATRenew Sees Better Times Ahead in Evolving Role as 'Recycler for All Seasons'

Key Takeaways: ATRenew forecast 30% year-on-year revenue growth in the current quarter, as its business starts to rebound from a sharp slowdown caused by China’s strict Covid control measures

Benzinga

'I was in shock': California rents are spiking — and not only where you'd expect

When Santa Monica resident Rob Leonard got a notice telling him that rent for his one-bedroom apartment would go up $100 a month starting in September, he had to read the letter several times because he thought there was a mistake.

Los Angeles Times

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Goldman Predicts Big Gains for RENT In 2022; Is It a Buy?

Rent the Runway (RENT) reported a strong quarterly report surpassing consensus estimates. In addition, Goldman Sachs expects the stock to remain resilient amid the growing macroeconomic headwinds. So, let’s evaluate if it is worth adding the stock to your portfolio now. Read on.

StockNews.com

50 best summer dresses to buy, rent or thrift

From a vintage 1970s maxi to a shirt dress from M&S, we select 50 gorgeous summer dresses to buy, rent or thrift

The Guardian - UK

After-Hours Action: Why Rent The Runway Stock Is Surging

Rent The Runway Inc (NASDAQ: RENT) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Benzinga

Rent the Runway Shares Slip After Q4 Results, Guides FY22 Revenue Above Expectations

Rent the Runway Inc (NASDAQ:RENT) reported fourth-quarter revenue growth of 91% year-over-year to $64.1 million, beating the consensus estimate of $63.14 million. The company had 115,240 ending Active Subscribers, an increase of 110% Y/Y. Total Subscribers were 159,544, an increase of 68% Y/Y. The Gross Margin was 36.7% compared to 13.1% in…

Benzinga

Why Are Rent The Runway Shares Trading Higher Today

Jefferies analyst Ashley Helgans initiated coverage of Rent The Runway Inc (NASDAQ:RENT) with a Buy rating and $13 price target, implying an 81% upside. Ashley listed low consumer penetration and post-COVID event backlog to support FY22 subscriber and revenue growth of over 40% and 50%, respectively. Rent The Runway is an e-commerce platform that allows…

Benzinga

Expert Ratings For Rent the Runway

Over the past 3 months, 10 analysts have published their opinion on Rent the Runway (NASDAQ:RENT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

3 E-Commerce Stocks Wall Street Predicts Will More Than Double

Since increasing consumer spending and remote lifestyles are expected to drive the e-commerce industry’s growth, Wall Street analysts expect quality e-commerce stocks Overstock (OSTK), ThredUp (TDUP), and Rent the Runway (RENT) to more than double in price the coming months. So, it could be worth adding these stocks to one’s…

StockNews.com

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