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Ukraines General Staff said that despite Russias claims of success in its summer offensive, Russian forces have not yet fully controlled any major Ukrainian city.On August 31, the mayor of Chicago, the third-largest city in the United States, signed an executive order on August 30, expressing a "refusal to cooperate" with the Trump administrations plan to deploy a large number of federal law enforcement officers and National Guard troops to the city. Chicago Mayor Brandon Johnson, a Democrat, said the executive order indicates that the Chicago Police Department will not cooperate with federal National Guard and other law enforcement personnel in the city, including patrols, traffic stops, and checkpoints. He also instructed city police officers to wear formal uniforms and no face coverings to distinguish them from federal troops and avoid public confusion.According to RIA Novosti, Russian air defense forces shot down 21 Ukrainian drones at night.On August 31st, the China Securities Association reported that in the first half of 2025, all listed companies achieved operating revenue of 35.01 trillion yuan, a year-on-year increase of 0.16%. Second-quarter revenue reached 18.11 trillion yuan, a year-on-year increase of 0.43% and a quarter-on-quarter increase of 7.15%. Net profit in the first half of the year reached 3.00 trillion yuan, a year-on-year increase of 2.54%, an increase of 4.76 percentage points over the previous years full-year growth rate. Nearly 60% of companies in the market saw positive revenue growth, and over three-quarters were profitable. 2,475 companies saw positive net profit growth, and 1,943 companies saw both revenue and net profit growth.Joerg Kraemer, economist at Commerzbank: The recent strengthening of the euro, especially against the US dollar, is likely to continue in the coming months, which will reduce the price competitiveness of European products on the world market.

Rent the Runway Predicts Full-Year Revenue to be Lower than Expected; Shares Decline 4%

Aria Thomas

Apr 14, 2022 09:47

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The bearish forecast comes as fashion stores are projected to profit from a post-COVID resurgence in demand for dress and formal wear, as the United States prepares for the highest number of ceremonies since 1984, as the epidemic disrupted weddings and other social occasions.


According to IBES statistics from Refinitiv, Rent the Runway forecasts full-year sales of between $295 million and $305 million, down from previous projections of $305.02 million.


Revenue increased 91% to $64.1 million in the fourth quarter, above analyst projections of $63.22 million.


The company's active subscribers for its fashion rental business increased by more than 110% to 115,240 in the third quarter.


The stock is down more than 70% from its October initial public offering price after Wednesday's after-hours fall.