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Urban Outfitters Counting on Digital Growth as Traditional Outlets Struggle

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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