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Urban Outfitters' Nuuly is expected to be profitable by end of 2023. Here's how the company got here
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Urban Outfitters’ clothing rental service Nuuly reaches profitability

Nuuly warehouse Natalie Rice Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a profit nearly 15 years into its history.  The brand, which...

Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
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Lululemon (LULU) earnings Q1 2023

Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading. Here’s how the retailer did in its fiscal first quarter compared with what Wall Street was...