How Urban Outfitters Plans to Turn Things Around in 2020
Urban Outfitters (NASDAQ: URBN) recently reported a mixed quarter, which seems to be the usual story with this retailer in recent years. The Anthropologie and Free People (FP) brands reported healthy traffic trends through the latest quarter ending in January, but the Urban brand reported flat comparable-store sales. But even with the positive comps from Anthro and FP, all three brands suffered from too much inventory entering the quarter, which pressured profits.
During the earnings call, management outlined three growth initiatives in the short term that could see the business (and the stock) rebound in 2020.
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Source Fool.com
