Anne Howe

Wall Street Spooked By Urban Outfitter CEO's Resignation

January 11, 2012

FROM RETAILWIRE:
Shares of Urban Outfitters' stock dropped 15 percent in after-hours trading on the news that CEO Glen Senk had resigned. Urban Outfitters' business has been struggling over the past year. What do you make of Wall Street's reaction to Glen Senk resigning as CEO of Urban Outfitters? What kind of leader will the company need to right the ship?      [more...]

My experience with Urban Outfitters as a shopper adds up to an operation with wonderful merchandising but spotty product quality. I realize the junior/teen apparel trends are in and out fast, but let's be honest, the clothes are not supposed to fall apart at the seams mid-season, are they?

That said, the stores are usually a pleasure to browse because they are typically so well-merchandised. Maybe the product sourcers, not the talented merchant, should be the ones taking the hit for poor performance?

You know me, I'm the one who always asks in these scenarios: "Did anyone get any feedback from the shoppers?" I'm sure there are reasons and potential solutions in what they have to say.