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February 12th - According to Hong Kong Stock Exchange filings, Haizhi Technology Group raised a total of HK$758.5 million in its Hong Kong listing. The issue price was set at HK$27.06 per share. The 2.8 million shares offered to Hong Kong retail investors were oversubscribed by 5,065.06 times, while the 25.2 million shares offered to international investors were oversubscribed by 8.39 times.The UKs Unite trade union: The vote results mean that the planned second eight-day strike will not take place.On February 12, the State Post Bureau held a directors office meeting. The meeting emphasized the need to continue implementing the "Interim Regulations on Express Delivery," focusing on building a green postal service, constructing a green and energy-saving service system, accelerating the industrys green transformation, and promoting energy conservation and carbon reduction in production methods, adding new luster to the high-quality development of the postal and express delivery industry. It stressed the importance of strengthening the implementation of regulations, standards, and policies such as the "Requirements for Restricting Excessive Packaging in Express Delivery," strengthening administrative law enforcement, and ensuring enterprises fulfill their primary responsibilities. The meeting also emphasized the need to deepen the source governance of express packaging, coordinating with relevant departments to strengthen supervision of upstream e-commerce companies and merchants, fully mobilizing the enthusiasm of all parties, and accelerating the pace of green transformation. Finally, the meeting called for the formulation of an industry standard, the "Methods for Carbon Emission Accounting in the Postal Industry," organizing carbon emission accounting, and promoting carbon reduction throughout the entire process.Mexican President Simbaum: Continues to propose mediating relations between the US and Cuba.The U.S. Federal Aviation Administration (FAA) plans to issue new airworthiness directives for certain Boeing 737s.

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.