Shares in Rent the Runway surged 162 per cent on Thursday in an extremely positive reaction to its fourth quarter earnings and revenue which both surpassed analysts' expectations. The clothing rental company logged its best weekly performance on record. Before this week, shares have largely been struggling since its IPO in October 2021. The company suffered during the pandemic with the shift to working from home when most in-person events were cancelled. But now there are hopes that the return to the office could help boost demand for workwear alongside formal and party attire.

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