The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Urban Outfitters, a top retail performer during the recession, announced lower than expected sales for the third quarter on Monday.
The company said comparable retail sales, which include direct sales, declined 3%.
Comparable store sales declined 7% companywide.
Urban comps were flat.
Anthropologie comps fell 7%.
Free People comps rose 14%.
Comparable sales in the company’s direct channels were more encouraging, rising 15%. Wholesale sales increased 13%.
Urban’s stock was down 4% to $26 in trading Tuesday morning.
The company will report third quarter earnings on Nov. 14.