The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Apparel retailer Urban Outfitters Inc. on Tuesday reported lower-than-expected quarterly sales, hit by lower demand for its namesake brand, sending its shares down about 10 percent after the bell.
Net sales rose 1.4 percent to $987 million, below the average analyst expectations of $1 billion, according to IBES data from Refinitiv.
By Soundarya J; Editor: Amy Caren Daniel
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.