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Why Urban Outfitters Stock Dropped Today

TheMotleyFool

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Why Urban Outfitters Stock Dropped TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of Urban Outfitters (NASDAQ: URBN) were down 5.1% as of 1:15 p.m. EST Friday after the lifestyle retailer announced underwhelming holiday-season results.

In a press release late yesterday, Urban Outfitters said its net sales in the two months ended Dec. 31, 2019, grew 2.9% year over year, as a slight decline in retail stores was more than offset by 3% growth from digital sources.

Image source: Getty Images.

Source Fool.com

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