Rent the Runway (RENT.O) on Wednesday forecast full-year revenue below Wall Street estimates, sending the apparel rental firm's shares down 4% in extended trading.
The downbeat outlook comes at a time when fashion retailers are expected to benefit from a post-COVID recovery in demand for dress and formal attire, as the United States gears up for the most number of ceremonies since 1984 after the pandemic delayed weddings and other social events, Reuters reported.
