By  on November 8, 2011

Urban Outfitters Inc. on Tuesday saw its shares slide after a day earlier warning it missed Wall Street’s third-quarter sales forecast, and revealed a management shake-up at the Anthropologie, Terrain and flagship divisions.

Investors drove Urban shares down 5 percent in midmorning trading and the stock finished the day at $26.34, down 87 cents, a decline of 3.2 percent.

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