Contact Us
White Plains Daily Voice serves White Plains, NY

Menu

White Plains Daily Voice serves White Plains, NY

Nearby Towns

Breaking News: Time Frame For Traffic Shift To New TZB First Span Announced
business

Urban Outfitters Stock Tumbles As Sales Decline

Clothing retailer Urban Outfitters saw pre-market share prices tumble due to slumping sales.
Clothing retailer Urban Outfitters saw pre-market share prices tumble due to slumping sales. Photo Credit: Wikimedia Commons

Clothing retailer Urban Outfitters, which has a location at the Westchester Mall in White Plains, saw shares take a 13 percent dive in pre-market trading due to slumping sales figures, according to Business Insider.

The company released its third-quarter earnings on Monday with net sales totaling $825 million, falling well short of Bloomberg's consensus estimate of $868.8 million, Business Insider reported.

The drop follows a trend among clothing retailers and department stores. Macy's, Nordstrom, and JC Penney also saw share prices fall after worse than expected earnings results, Business Insider said.

Click here to read the full article .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

White Plains Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.