Rent the Runway Plans to Sacrifice 2023 Revenue to Meet 2024 Profitability Goal
Retail TouchPoints
SEPTEMBER 11, 2023
Rent the Runway has lowered its revenue expectations for 2023, now saying it plans to at least match 2022 revenues of $296.4 In fact, one reason for our reduction in revenue guidance for fiscal 2023 is our decision to prioritize more rapid progress on profitability by reducing promotions and therefore, subscriber acquisition.” “The
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