Nuuly’s Take on Rental Drives Growth for Urban Outfitters - WWD

Oct 23, 2024 · Nuuly represents a relatively small slice of Urbn’s total revenues, which grew 6.3 percent to $1.4 billion for the second quarter. But looked at another way, the rental platform …

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Nuuly’s Take On Rental Drives Growth For Urban Outfitters - WWD

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Oct 23, 2024 · Nuuly represents a relatively small slice of Urbn’s total revenues, which grew 6.3 percent to $1.4 billion for the second quarter. But looked at another way, the rental platform …

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Urban Outfitters Takes On Rent The Runway With Nuuly (URBN)

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Mar 23, 2023 · Urban Outfitters Sees a $1 Billion Business in Taking On Rent the Runway Nuuly, started in 2019, already has 150,000 subscribers and $130 million in sales. By Olivia Rockeman

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How Urban Outfitters Beat Rent The Runway In The Rental Game

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Nov 9, 2023 · Rent the Runway’s share price has dropped about 97% since it went public in late October 2021. In its second quarter this year, the company reported $75.5 million in revenue, …

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Fashion Rental Rebounds—Driven By Gen Z And Millennials - Forbes

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May 28, 2024 · Nuuly, a 5-year-old apparel rental business of lifestyle retailer Urban Outfitters, reported last week more than 50% annual sales growth for the first quarter ended April 30, …

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The Retailer That Finally Got Rental Right | BoF - The Business Of …

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Nov 1, 2023 · The Retailer That Finally Got Rental Right. Urban Outfitters has spent over $100 million building Nuuly, a competitor to Rent the Runway that stocks more casual clothing. Four …

businessoffashion.com

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Rent Clothing? This Business's 68% Customer Growth Says Yes.

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Dec 9, 2023 · Urban Outfitters (URBN 1.10%) is a mall staple. Largely focused on selling fashion apparel for younger customers, it always has to be at the cutting edge of design. That can lead …

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Nuuly’s Fashion Rentals See URBN Achieve 'record' Sales

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Feb 29, 2024 · In terms of brands, sales increased by 21.4% at Free People and 12.3% at Anthropologie. However, sales decreased by 13.8% at Urban Outfitters. The company's …

theindustry.fashion

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Urban Outfitters’ Nuuly Rental Business Turns A Profit In Q3

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Nov 27, 2023 · Sales at Urban Outfitters’ rental and resale business Nuuly helped push the apparel conglomerate’s Q3 sales up 9% year over year to $1.28 billion. Nuuly’s own sales …

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Behind URBN’s $1.27B Q2 Sales Is Nuuly’s 94% Growth, 16

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Aug 24, 2023 · URBN. 3.42%. Urban Outfitters’ Q2 results outperform estimates: $1.10 EPS (+$0.22 consensus), $1.10 GAAP EPS (+$0.22), $1.27B revenue (+$23.31M). Solid growth …

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Assessing The Impact Of Invest Newark’s Programs - Urban Institute

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Aug 26, 2024 · Key takeaways from Invest Newark programs. Generated a total economic effect of $178.3 million, increasing gross domestic product growth from 34.42 percent to 37.61 …

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FAQs about Nuuly’s Take on Rental Drives Growth for Urban Outfitters - WWD Coupon?

What is nuuly & how can it help Urban Outfitters Inc?

Nuuly's rental platform is scaling up and helping to propel Urban Outfitters Inc. forward, featuring clothes from Urbn, Anthropologie, Free People and more. ...

Did Urban Outfitters make a profit from nuuly?

Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway. ...

Will Urban Outfitters' nuuly be profitable in 2023?

Urban Outfitters’ Nuuly is expected to be profitable by end of 2023. Here’s how the company got here Urban Outfitters Inc., or URBN launched a clothing rental subscription service, Nuuly in 2019. ...

Is nuuly better than rent the runway?

Stern is now a loyal subscriber to Nuuly, a rental service launched by Urban Outfitters Inc. in 2019, which she says better serves her post-pandemic need for more casual clothing. She’s not the only rental customer to make the switch. Though Rent the Runway had a nearly 10-year head start, Nuuly has vaulted past its competitor by some measures. ...

Is nuuly a big bet on renting?

Now the retailer, which owns the Urban Outfitters, Anthropologie and Free People chains, is quickly scaling what was already one of the apparel industry’s biggest bets on renting. Nuuly has 150,000 subscribers—more than Rent the Runway had at the end of October. Its revenue surged 170% last year to $130 million. ...

Is Urban Outfitters' 'nuly' business a hit?

This Business's 68% Customer Growth Says Yes. Urban Outfitters' namesake brand is struggling today. But its tiny, new segment is growing at a rapid pace. Its Nuuly business rents out clothing -- and it's a hit. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. ...