Shares of Urban Outfitters Inc rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business.
Apparel retailer Urban Outfitters Inc reported first-quarter profit and sales on Tuesday that handily beat analysts’ estimates, driven by strong spending at its stores despite a longer-than-usual winter season.
Investment bank Piper Jaffray released the results of its 35th semi-annual “Taking Stock With Teens” survey on Tuesday, revealing strong gains for the beauty sector and promising progress for streetwear and 90s fashion.
Philadelphia-based lifestyle group URBN announced on Thursday the departure of David McCreight, CEO of apparel retailer Anthropologie Group and president, URBN, who will be leaving the company on April 27, 2018.
The Greensboro, North Carolina-based apparel and footwear company announced on Wednesday the return of the former Vans President, who will take on the newly created role of vice president, strategic projects at VF Corp.
Following reports of burgeoning fourth quarter sales, the Philadelphia-based lifestyle company released its full Q4 and fiscal year 2018 results on Tuesday, with income suffering from a sharp peak in tax rates.