Investors steered away from Urban Outfitters Inc. stock Thursday after it said higher markdowns led to lower fourth-quarter earnings.
In the three months ended Jan. 31, profits at the Philadelphia-based specialty store group fell 24.4 percent to $40.5 million, or 24 cents a diluted share, from $53.6 million, or 32 cents a share, a year ago.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)