Wednesday, September 7, 2016

Urban Outfitters notches a win in musical chairs battle

Shoppers with their Urban Outfitters shopping bags in Soho in New York With teenagers' preferences changing as often as their Snapchat filters, Jefferies analyst Randal Konik on Tuesday similarly swapped one teen retailer for another on the firm's franchise stock pick list.

Abercrombie's turnaround took another step back during the second quarter, after showing signs of a nascent recovery last year. Meanwhile, Urban Outfitters generated record revenue and profit during the three-month period, topping Wall Street's forecasts for sales, earnings and gross margin.. . . more

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