Urban Outfitters is dealing with investors who have sold off their shares today after earlier reports stated the company missed its third-quarter sales forecasts.
The company has also reorganized its management team at the Anthropologie, Terrain and flagship divisions.
In fact, stock was down 5% this morning.
One analyst reveals:
“Tough times will remain at Urban Outfitters, as the company remains somewhat out of mainstream style trends and the price/fashion value of the company’s offerings continues to pale versus their competitors. Further, while we think new management will be a positive, their impact will be limited in the near term and could potentially be disruptive.”
Are U still a fan of Urban Outfitters????
Nov 09, 2011 09:30am PDT
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