Urban Outfitters Shares in Urban Outfitters plunged 6% after sales flatlined in the first quarter. CEO Richard Hayne blamed the slowdown on shoppers coming off of a "sugar high" fueled by the Trump administration’s tax cuts. The retailer also suffered from "fashion confusion" as it failed to predict the latest styles in women’s apparel. Watch […]
Urban Outfitters is crashing after a sales slump that its CEO blamed on a comedown from Trump’s tax cut ‘sugar high’
Urban Outfitters Shares in Urban Outfitters plunged 6% after sales flatlined in the first quarter. CEO Richard Hayne blamed the slowdown on shoppers coming off of a "sugar high" fueled by the Trump administration’s tax cuts. The retailer also suffered from "fashion confusion" as it failed to predict the latest styles in women’s apparel. Watch […]