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…