: Urban Outfitters says sales have grown for the first quarter to date #FinanceUSA #StockMarketNEWS Urban Outfitters Inc. said Monday that comparable retail sales have risen in the high-single digits
@stockMarketNEWS Tue 13 Apr, 2021
Urban Outfitters says sales have grown for the first quarter to date #FinanceUSA #StockMarketNEWS
Urban Outfitters Inc. said Monday that comparable retail sales have risen in the high-single digits for the first quarter so far compared to 2020. In North America the increase was led by double-digit comparable sales gains at Free People and the namesake brand. Sales at Anthropologie have improved, though remain slightly negative. COVID-19 restrictions have kept most European stores closed for the first quarter, however U.K. locations are expected to reopen on Monday. The FactSet consensus is for first-quarter sales of 0.8 million, suggesting 48% year-over-year growth. The company also announced that Tricia Smith has joined as global chief executive of the Anthropologie brand. Smith spent 26 years with Nordstrom Inc. and was most recently CEO of clothing and accessories retailer Tilly's. Anthropologie's previous global CEO, Hillary Super, stepped down on Friday, April 9. Urban Outfitters stock slipped 1.7% in Monday premarket trading, but has rallied 53% for the year to date. The S&P 500 index is up nearly 10% for 2021 so far.
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