Rent the Runway Lands Series E Investment

On the strength of smart moves in 2016 like the launch of its rental subscription, Rent the Runway scored more than $100 million in revenue and a $60 million equity investment. (Related on SJ: Net-a-Porter Pairs With Luxury Rental Start-Up Armarium)

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Neiman Marcus Sales Plummet in Q1

Neiman Marcus enters Q1 behind the eight ball. The Dallas-based luxury retailer reported its fifth straight quarter of comp store losses this week. Neimans—which operates 42 Neiman Marcus stores, two Bergdorf Goodman stores, 29 Last Call clearance centers, 13 Last Call Studios as well as… Read More

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