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Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

Rent the Runway shares rise after fashion rental company reports stronger quarterly sales

Jennifer Hyman, Rent the Track Scott Mill | CNBC As some buyers think twice before buying, Rent the track takes a bump. The fashion rental and subscription company on Wednesday reported higher quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of buying …

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Jim Cramer's 10 biggest things to watch in the market on Tuesday: JPMorgan double upgrade, oil prices drop to $75

Jim Cramer’s 10 biggest things to watch in the market on Tuesday: JPMorgan double upgrade, oil prices drop to $75

My top 10 things to watch Tuesday, December 6, 2022 1. US stock futures point to a mixed open after Monday’s strong selloff. December tends to be seasonal, especially at the end of the month when Wall Street historically looks for Santa’s rally. In a commentary, we looked at which Club stocks were the best …

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Retailers are under pressure to turn deep discounts into big sales on Black Friday

Retailers are under pressure to turn deep discounts into big sales on Black Friday

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky on November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several reported slowing sales ahead of the holiday shopping season. Macy’s, Target, Kohls, Difference …

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Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …

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Retailers' biggest holiday wish is to get rid of all that excess inventory

Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …

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