By
Reuters
Reuters
Published
Dec 11, 2013
Dec 11, 2013
Urban Outfitters says fourth-quarter comparable sales up so far
By
Reuters
Reuters
Published
Dec 11, 2013
Dec 11, 2013
Teen apparel retailer Urban Outfitters Inc said in a filing on Tuesday that comparable sales in its retail segment were up so far by a "mid-single-digit" percentage in the fourth quarter, which includes the holiday season.
Shares rose 3.5 percent to $37 in afterhours trading.
Urban Outfitters in November warned of a squeeze on fourth-quarter margins as a tough holiday season could force it to discount more. The retailer had reported a 1 percent decline in comparable sales for the third quarter.
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