The American lifestyle group reported net sales of $1.09 billion in the fourth quarter on Tuesday, representing a year-over-year decline of 6.9% which was largely due to reduced store traffic and occupancy restrictions.
The lifestyle group reported has that coronavirus-related restrictions led to an 8.4% decline in its holiday 2020 sales. The company has also revealed that Sheila Harrington is taking over as CEO of its flagship brand.
The parent company of Urban Outfitters, Anthropologie and Free People has announced the departure of chief operating officer Calvin Hollinger and revealed a slew of promotions in its senior management team.
Shares in the Philadelphia-based fashion retailer shot up more than 12% in the extended session on Tuesday, as the company reported a surprise Q2 profit of $34 million thanks to double-digit digital growth.