RTR

Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
水曜日, 4月 10, 2024
Woman, Travel, FCF, Marketing, Love, Workplace, Entrepreneurship, NPS, Q2, RTR, Acquisition, YOY, Adjustment, Growth, Video game

"We believe fiscal year 2024 will be a transformative year for Rent the Runway," said Sid Thacker, Chief Financial Officer, Rent the Runway.

Key Points: 
  • "We believe fiscal year 2024 will be a transformative year for Rent the Runway," said Sid Thacker, Chief Financial Officer, Rent the Runway.
  • Revenue was $75.8 million, a 0.5% increase year-over-year from $75.4 million in the fourth quarter of fiscal year 2022.
  • For the fiscal first quarter of 2024, Rent the Runway expects:
    Please see our fourth quarter 2023 earnings presentation at https://investors.renttherunway.com/ under the “Presentations” section for supplemental guidance.
  • The fourth quarter and fiscal year 2023 Earnings Presentation is now accessible through the Investor Relations section of Rent the Runway’s website at https://investors.renttherunway.com/ under the “Presentations” section.

Canada's Real-Time Rail program resumes with renewed momentum

Retrieved on: 
火曜日, 4月 16, 2024
Transfer, Customer, Interac, Canadian Bankers Association, Ecosystem, Government, Travel, CBA, EQ Bank, IBM, Partnership, ISO, Metrolinx, Growth, Payments Canada, RTR, Equitable Bank, CFIB, Interim, Scotiabank, CGI, G20, Fraud, Online shopping

The RTR will reflect Payments Canada's commitment to provide a safe and secure foundation for participants to innovate upon, including a centralized fraud utility service.

Key Points: 
  • The RTR will reflect Payments Canada's commitment to provide a safe and secure foundation for participants to innovate upon, including a centralized fraud utility service.
  • "Over the past year, we have reviewed our path forward through engagement and collaboration from our members, regulators and key stakeholders.
  • We're encouraged by Payments Canada and its members committing to launching the Real-Time Rail, catching Canada up to its G20 peers.
  • The Real-Time Rail (RTR) will process funds instantly, with more data, resulting in smarter transactions that save small businesses time and money.

Rent the Runway Announces 1-for-20 Reverse Stock Split

Retrieved on: 
火曜日, 3月 26, 2024
Transfer, Common stock, Form, CUSIP, Reverse stock split, RTR, Eastern Time Zone, Security (finance)

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or the “RTR”) (NASDAQ: RENT) today announced that it will proceed with a 1-for-20 reverse stock split (“Reverse Stock Split”) of its outstanding shares of Class A Common Stock and Class B Common Stock (collectively, the “Common Stock”) following approval by its Board of Directors.

Key Points: 
  • NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or the “RTR”) (NASDAQ: RENT) today announced that it will proceed with a 1-for-20 reverse stock split (“Reverse Stock Split”) of its outstanding shares of Class A Common Stock and Class B Common Stock (collectively, the “Common Stock”) following approval by its Board of Directors.
  • The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on April 2, 2024.
  • When the Reverse Stock Split is effective, every 20 shares of Rent the Runway Common Stock issued and outstanding will be combined automatically into 1 share of Common Stock.
  • The Reverse Stock Split will apply equally to all outstanding shares of the Class A Common Stock and Class B Common Stock, and each stockholder will hold the same percentage of Class A Common Stock and Class B Common Stock outstanding immediately following the Reverse Stock Split, except for adjustments that may result from the treatment of fractional shares.

Rent the Runway Names Natalie McGrath Chief Marketing Officer

Retrieved on: 
水曜日, 2月 28, 2024
RTR, Coach, Marketing, Growth, Rent the Runway, Afterpay, Entrepreneurship, Boohoo.com, Tourism

“With a world-class marketer like Natalie McGrath at the helm of this iconic brand, I’m looking forward to seizing on the incredible growth opportunity I believe is ahead of us, and continuing to lead the category we created,” said Hyman. “We are focused on supercharging our market share by creating emotional and lasting connections with our core customers--and reaching net-new audiences. Natalie has proven time and again--with some of the world’s top brands--that this is where she excels, and I’m delighted to partner with her to drive RTR to the next level.”

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Rent the Runway (RTR) today announced the appointment of Natalie McGrath as Chief Marketing Officer, effective March 4, 2024.
  • McGrath will oversee all aspects of the Rent the Runway customer journey, including brand and growth marketing, creative services, public relations, and customer service.
  • McGrath’s appointment comes at a pivotal time for Rent the Runway, which has spent the past several years shoring up critical aspects of the business.
  • The company is now focused on reigniting customer growth investments including brand and experiential marketing, lifecycle marketing and customer experience initiatives.

Payments Canada Announces CEO Transition

Retrieved on: 
水曜日, 2月 7, 2024
Transfer, Partnership, Black, CFO, Human resources, Strategic management, RTR, Safety, ISO, Ecosystem, Payments Canada, Large Value Transfer System, LVTS, Black's, CDO, Business, Management

Tracey Black to Depart; Kristina Logue and Jude Pinto Appointed Interim Co-Chief Executive Officers, Effective April 1, 2024, Board Initiates Comprehensive Search for Successor

Key Points: 
  • Tracey Black to Depart; Kristina Logue and Jude Pinto Appointed Interim Co-Chief Executive Officers, Effective April 1, 2024, Board Initiates Comprehensive Search for Successor
    OTTAWA, ON, Feb. 7, 2024 /CNW/ - The Payments Canada Board of Directors today announced that Tracey Black, who joined Payments Canada in 2018, made the decision not to renew her term as President and CEO of Payments Canada.
  • "On behalf of the Payments Canada Board of Directors, and all of our employees, members, and stakeholders, I want to thank Tracey for her many contributions to the organization through her leadership over the past five years," said Garry Foster, Chair of the Payments Canada Board of Directors.
  • "Tracey's leadership has been crucial to the progress Payments Canada has made in modernizing the payment ecosystem in Canada and positioning the organization for the next phase in its advancements.
  • I feel extremely confident that Payments Canada, our members, partners and employees are in excellent hands – and perfectly poised for the next phase of continued payment innovation in Canada."

Cado Security Announces New Integration with CrowdStrike to Accelerate Forensics and Incident Response

Retrieved on: 
水曜日, 2月 7, 2024
Networks, Security, Data Management, Technology, Software, AI, CrowdStrike, RTR, Cador, Root cause analysis, Organization, Data collection, Online shopping

Cado Security , provider of the first cloud forensics and incident response platform, today announced a new integration with the AI-native CrowdStrike Falcon® platform to improve forensics investigations and accelerate response times.

Key Points: 
  • Cado Security , provider of the first cloud forensics and incident response platform, today announced a new integration with the AI-native CrowdStrike Falcon® platform to improve forensics investigations and accelerate response times.
  • Available in the CrowdStrike Marketplace , organizations can leverage the new Cado Security platform integration with the Falcon platform to automatically gain access to forensic data, adding depth to incident investigations.
  • Cado Security integrates with CrowdStrike Falcon ® Insight XDR to enable security teams to perform investigations and respond to threats faster with enriched security telemetry from the Falcon platform.
  • Key benefits of the integration include:
    Rapid response times: automated, end-to-end incident response, from data collection and processing to investigation and response, drastically reduces response times.

Rent the Runway, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
火曜日, 12月 5, 2023
Marketing, Entrepreneurship, PIK, Oscar de la Renta, Amend, Etro, Growth, Rent the Runway, RTR, NPS, Customer, Adjustment, Life, Video game

NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or "RTR") (NASDAQ: RENT), the world’s first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended October 31, 2023.

Key Points: 
  • Committed to Delivering Free Cash Flow Breakeven in FY 2024
    Significantly Improved Inventory In-Stock Position Drove Improved Customer Satisfaction and Retention; Sets Stage for FY24 Growth
    NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or "RTR") (NASDAQ: RENT), the world’s first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended October 31, 2023.
  • “Meanwhile, we’ve made significant strides to improve our inventory in-stock position, which we believe represents a turning point for Rent the Runway.
  • The third quarter 2023 Earnings Presentation is now accessible through the Investor Relations section of Rent the Runway’s website at https://investors.renttherunway.com/ under the “Presentations” section.
  • Rent the Runway will host a conference call and webcast to discuss its third quarter 2023 financial results and provide a business update today, December 5, 2023, at 4:30 pm ET.

Electrify Expo Takes Over Famed F1 Track at Circuit of the Americas for a Weekend Full of Electric Fun Including Tesla, BMW, Ford and 100+ Leading Electric Brands

Retrieved on: 
水曜日, 11月 1, 2023
EV, Ford, SUV, Food, Electrification, Circuit of the Americas, GT, Tesla, X & Y, Austin Energy, Optimus, RTR, Growth, Plug, Mustang, BMW, Super73, Volvo, Music, Model, Optimus (robot), Tesla Model 3, Volkswagen, Circuit, Amusement park, Rail transport, Porsche, Polestar, Axios

Attendees will ride, drive and demo the world's leading electric cars and trucks alongside electric motorcycles, e-bikes, e-scooters, e-skateboards and more.

Key Points: 
  • Attendees will ride, drive and demo the world's leading electric cars and trucks alongside electric motorcycles, e-bikes, e-scooters, e-skateboards and more.
  • According to Axios , electric vehicles accounted for 9.3% of monthly new vehicle registrations in the Austin area in January 2023 - up 7% from the previous year.
  • The weekend will feature entertainment, including all types of thrilling demo courses, huge kids zones, music, displays and food.
  • Volkswagen makes its Electrify Expo return with the highly-anticipated ID.Buzz and ID.4 along with other automakers like BMW, Polestar, Porsche and many more.

Electrify Expo Prepares For A Massive Festival In Miami As Exhibitor Participation Spikes

Retrieved on: 
火曜日, 10月 10, 2023
Mustang, Ford, X & Y, Volkswagen, Optimus, Mitsubishi Group, Optimus (robot), RTR, Tesla, Music, EVS, EV, Sunshine State, Plug, Model, Volvo, Tesla Model 3, GT, SUV, Action Pack (TV programming block), Amusement park, Nightclub, Rail transport, Porsche

Attendees at Electrify Expo will ride, drive and demo the world's leading electric cars and trucks alongside electric motorcycles, e-bikes, e-scooters, e-skateboards and more.

Key Points: 
  • Attendees at Electrify Expo will ride, drive and demo the world's leading electric cars and trucks alongside electric motorcycles, e-bikes, e-scooters, e-skateboards and more.
  • “We’re headed back to Miami for our third year but this will be our biggest festival yet in the Sunshine State,” said BJ Birtwell, CEO and founder of Electrify Expo.
  • “Miami is one of the top regions in the country for EV adoption so our festival fits right in with their desire to go electric.
  • Electrify Expo is driving directly to the southern EV hub for consumers to experience the exhilarating feeling of going electric.

Canada reaches $11.7 trillion in payment transactions in 2022 - up 7% in value from 2021

Retrieved on: 
木曜日, 10月 5, 2023
Online, Transfer, Lynx, Parent, Fad, EFT, Payment, RTR, ISO 20022, Interac e-Transfer, Interac, ISO, Growth, ABM, Payments Canada, BNPL, Sale, Bank, Cryptocurrency, Online shopping, Financial services, Credit

Almost 9 in 10 (89%) Canadians tapped a payment card at least once a month for a store purchase in 2022.

Key Points: 
  • Almost 9 in 10 (89%) Canadians tapped a payment card at least once a month for a store purchase in 2022.
  • Online transfer continued to be the fastest-growing payment type with year-over-year volume growth of 11% and value growth of 19% from 2021.
  • While total payment volume declined by 2% compared to five years ago, total payment value increased by 21% during this same period.
  • The ISO 20022 message standard supports data-rich payments - more information about the payment traveling with the payment.