Tariff Quote Watch: Urban Outfitters Stays Lean, Avoids Trade Disruption Risk — Panjiva
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Tariff Quote Watch: Urban Outfitters Stays Lean, Avoids Trade Disruption Risk

China 2999 Cons. Discr. - Apparel 511 Cons. Discr. - Retailing 486 Quote Watch 452 U.S. 5347

Fashion retailer Urban Outfitters delivered a 9.0% year over year same-store sales growth in the fiscal third quarter while cutting its inventories to 59.9 days of revenues from 63.4 a year earlier. There appear to have been concerns that logistics disruptions caused by other shippers trying to beat U.S. tariffs on Chinese exports could jeopardize that. However CEO Richard Hayne indicated there was “a little backup in October” but everything has since “straightened out”. Urban Outfitters’ imports climbed 43.0% on a year earlier in September after just 5.4% in August. Growth looks set to ...

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