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8 Dec

Rent the Runway Regains Some Momentum With Sales, EBITDA Gains

by Beauty Tips
Fashion, Featured
Rent the Runway Regains Some Momentum With Sales, EBITDA Gains
Rent the Runway Inc. got just a little little bit of its groove back.  The rental pioneer — which saw a summer slowdown and laid off 24 percent of its corporate employees in September — on Wednesday posted third-quarter gains and boosted its outlook for the 12 months. Net losses for the quarter narrowed to $36.1 million from $87.8 million a 12 months ago, with probably the most recent period including $5.8 million in restructuring charges. Adjusted earnings before interest, taxes, depreciation and amortization tallied $6.6 million, up from losses of $5.6 million on the identical basis a 12 months ago.  Revenues for the three months ended Oct. 31 increased 31.2 percent to $77.4 million from $59 million. Rent the Runway’s energetic subscriber count rose...
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20 Nov

Mary Dillon Starts With Momentum at Foot Locker

by Beautifaire101
Beauty, Featured
Mary Dillon Starts With Momentum at Foot Locker
Possibly blush and basketball shoes aren’t so different in spite of everything.  Mary Dillon is perhaps proving as much at Inc.  The architect behind much of Ulta Beauty’s success is settling into her recent gig as president and chief executive officer of the sneaker mainstay and is coming in with some momentum. She’s also not the just one moving right into a recent corner office within the sneaker world, where Bjørn Gulden has been tapped as the subsequent CEO of Adidas and Arne Freundt has taken up the post of CEO for Puma.  In Dillon’s first quarterly report back to Wall Street since taking the helm in September, Foot Locker logged better-than-expected adjusted earnings and boosted its outlook for the yr — at...
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