Urban Outfitters is likely to maintain positive comp sales on apparel category improvements.
No-moat Urban Outfitters’ shares fell in the mid-single-digit range in afterhours trading on the announcement of 2% consolidated retail segment comparable sales growth in November and December, implying market share losses (Mastercard SpendingPulse estimates holiday sales growth just shy of 5%). Weakness appeared to be driven by the Urban Outfitters brand (with holiday retail comparable sales growth of 1%), where tech and media products saw challenging comps. Anthropologie and Free People saw st...Urban Outfitters is engaged in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. The company has two segments: Retail, which consists of its Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands and its Food and Beverage division; and Wholesale, which designs, develops and markets young women's contemporary casual apparel, intimates, FP Movement activewear and shoes under the Free People brand, home goods, including gifts, tabletop and textiles, under the Anthropologie brand and the BDG apparel collection under the Urban Outfitters brand.
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