– The small-cap apparel retailer's shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in
Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.
rsteen06 they do still exist.
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Rent the Runway Shares Surge After Fashion Rental Company Reports Stronger Quarterly SalesThe fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them.
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