Wednesday, August 16, 2017

Urban Outfitters Jumps the Most Since 1993 IPO on Sales Progress

Image result for anthropologie storeUrban 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

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