Top Stories

Urban Outfitters (URBN) shares tumble as 2020 holiday sales disappoint

0


Shoppers with their Urban Outfitters shopping bags in Soho in New York

Richard Levine | Corbis | Getty Images

Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month.

Its stock dropped about 11% in after-hours trading, having closed the day up nearly 6%.

Urban Outfitters, which also owns the Anthropologie and Free People brands, said current CEO Trish Donnelly will be leaving, effective Jan. 31, to pursue another career opportunity. It has named Sheila Harrington, current CEO of Free People, as CEO of Urban Outfitters, and she will continue to oversee the Free…



Source cnbc.com

Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

Previous article

McConnell thinks Trump committed impeachable offenses: report

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories