To rent or buy? What's in store for the clothing rental industry in Canada [Business News Network (BNN) (Canada)]

Rent the Runway, Inc. - Class A (RENT)

Company Research Source: Business News Network

"It was actually very surprising. It's still the pandemic-loungewear kind of vibe throughout a lot of retail stores." The dresses she did come across were either too casual or too expensive, so she decided to rent one from a dress rental boutique, something she had never tried before. And after a positive first experience, Soares said she would definitely do it again. Clothing rental has become more mainstream over the last decade with the rise of the sharing economy, but the COVID-19 pandemic wasn't kind to these types of retailers. As pandemic restrictions lifted, however, some Canadian rental businesses saw a boost in traffic. While experts believe there is still more opportunity in the space, they are warning that growth might be subdued as Canadians change their shopping habits and priorities in an environment of hot inflation and rising interest rates. There are other challenges as well, including getting more people on board with the idea of essentially sharing clot Show less Read more

Download PDF

Impact Snapshot

Event Time:

RENT

Last Price

Price Change

Price Change%

Volume Shares

Max Up

Max Down

Volume Ratio

Performance Comparison Updated

Event Day Stock performance from the time of news release until the following 4pm ET market close	Last price at news event	Since Event Multi-day stock performance from the time of the news release
EVENT DAY Stock performance from the time of news release until the following 4pm ET market close	LAST PRICE AT NEWS EVENT	SINCE EVENT Multi-day stock performance from the time of the news release
	Last Price
	VWAP
High:	Max Up	High:
Low:	Max Down	Low:

%	Post news range	%
	Price change
	Price Change Percentage
	S&P 500 (SPX)
%	Volume ratio	%
	Volume
	Ticks
	Avg transaction size

Don't Miss Out On The Next BIG Stock Move

Event day

Event Day Chart will not be displayed beyond 90-day period of the event

Performance since event

Time And Velocity Analysis

Opt-in for RENT alerts

RENT News

RENT Earnings

4/10/24 - Miss

RENT Analyst Actions

4/12/24 - Goldman Sachs
4/12/24 - Goldman Sachs
4/12/24 - Goldman Sachs

RENT Sec Filings

4/18/24 - Form 144/A
4/12/24 - Form 144
4/12/24 - Form 144
RENT's page on the SEC website

In short, News Quantified specializes in matching financial news with market data. We've analyzed 10s of millions of news events and know exactly which ones have an outsized impact on stock prices. So every single time a news item is released we know exactly what the average effect will be on a particular stock.

To rent or buy? What's in store for the clothing rental industry in Canada [Business News Network (BNN) (Canada)]

Opt in for alerts from News Quantifed

Opt in for alerts from News Quantifed

Opt in for alerts from News Quantifed

Opt in for alerts from News Quantifed

Opt in for alerts from News Quantifed