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Urban Outfitters Counting on Digital Growth as Traditional Outlets Struggle

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Urban Outfitters is investing in e-commerce, as brick-and-mortar and wholesale revenue and profits prove challenging. In a Nutshell: Urban Outfitters Inc. reported declines in profits for the fourth quarter and year, brought down by high markdowns and increased expenses from deeper penetration in e-commerce. In the quarter, selling, general and administrative (SG&A) expenses increased 8.9…

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