IPO Returns Show Fashion Startups Were Not Runway Ready

The worst performer—subscription and rental outfit provider Rent the Runway—has seen its valuation slip 93% since making its market debut last October. Shares tanked a few weeks ago, after the company lowered revenue forecasts and announced a 24% cut in corporate staff.

Apparel is hard and generating recurring sales is even hareder

Instacart needs to be thankful to have the chance to withdraw its IPO

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