Rent the Runway Inc. said demand for workwear has been surging as more subscribers are going to the office more regularly, underpinning stronger-than-expected revenue growth in the most recent quarter.
Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people with knowledge of the closely held firm’s financial results.
Telfar said Wednesday that next week’s Bag Security Program drop would be its last.
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.