NEW YORK — Double-digit gains in both net and comparable-store sales boosted Urban Outfitters Inc.’s bottom line by more than half in the third quarter.
For the three months ended Oct. 31, the Philadelphia-based specialty retail chain posted a 62.9 percent advance in net earnings to $8 million, or 40 cents a diluted share. That compares with last year when the company logged profits of $4.9 million, or 28 cents. Earnings per share beat the Wall Street estimate by 1 cent.
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)