Urban Outfitters Inc. surged the most since the apparel company went public 24 years ago, after its Free People and Anthropologie chains performed better than predicted, helping offset a slump at its flagship business.
In delivering the results, Chief Executive Officer Richard Hayne
highlighted “encouraging fashion apparel trends,” which could help boost
the company’s performance in future quarters. Hayne has been working to
improve sales in a retail environment plagued by store closures, slow
fashion trends and discount-hungry shoppers. . . . more