Urban Outfitters’ shares jump on Free People and Anthropologie performance

August 16, 2017

Shares in Urban Outfitters jumped as much as 20 percent in trading yesterday despite the company posting a decline in same-store sales of 4.9 percent during the second quarter. Wall Street was expecting Urban Outfitters to post a 6.4 percent decline in same-store sales. The retailer reported that sales at its Free People and Anthropologie chains help offset weakness in its flagship brand.

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