Here's Why Urban Outfitters' Stock Slumped 10%
URBNUrban Outfitters(URBN) Forbes·2024-08-26 20:00

CORTE MADERA, CALIFORNIA - AUGUST 09: A sign is posted on the exterior of an Urban Outfitters store ... [+] on August 09, 2024 in Corte Madera, California. (Photo by Justin Sullivan/Getty Images)Getty ImagesNote: Urban Outfitters’ FY’24 ended in January 2024.Urban Outfitters (NASDAQ: URBN), a lifestyle retailer focusing on young adults and teenagers, fell 9.6% on 22nd August, as compared to a 0.9% increase in the S&P 500 index. In comparison, URBN’s peer American Eagle Outfitters (NYSE: AEO) stock was down ...