By most measures, fashion-sharing platform Rent the Runway ( NASDAQ:RENT ) represents a risky endeavor. Nevertheless, because of the radical changes in the workplace, the company could continue rising on greater demand for a broader wardrobe upgrade. Moving forward, both the return to the office and desperate job hunting may cynically lift the sharing e-commerce service. Therefore, I am cautiously bullish on RENT stock. As an op-ed from The Washington Post declared in December 2020, Americans incurred their pajama moment. Quarantined from the office and each other, mainly white-collar workers adjusted to the new reality of COVID-19. Gone were the stuffy suits, ties, and blouses. In were casual, comfy athletic wear. If anything, a requested conference call would only require presentability from the waist up. Perhaps not surprisingly, then, when RENT stock made its public market debut in October 2021, it quickly plummeted. While the so-called sharing economy presents relevance for Rent the Runway, consumers lacked incentivization. Why bother dressing up – and paying for such – when you’ll be stuck at home anyways? However, with COVID-19 fears fading away, employers began questioning the necessity for remote operations. Further, enterprises like Disney ( NYSE:DIS ) squashed their work-from-home privileges […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
