Retail News

Urban Outfitters’ shares jump on Free People and Anthropologie performance

Bloomberg 08/15/2017

Shares in Urban Outfitters jumped as much as 20 percent in trading yesterday despite the company posting a decline in same-store sales of 4.9 percent during the second quarter. Wall Street was expecting Urban Outfitters to post a 6.4 percent decline in same-store sales. The retailer reported that sales at its Free People and Anthropologie chains help offset weakness in its flagship brand.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!