Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark

Urban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscri Rent the Runway ping 86% jump in revenue.

Competitor nearly 15 years has yet to turn a profit nearly 15 years into its history 300,000 ly offer $65.5 million ly subscription the three months ended Oct. 31 hing Urban rban's namesake brand saw sales drop by about 12% to $32 the quarter

Urban Outfitters' also fell by 14.2%, which Nuuly orse than analysts first expected.

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