Posted by: Market Watch in Market Information 32 minutes in the past City Outfitters Inc. stated Monday that comparable retail gross sales
City Outfitters Inc. stated Monday that comparable retail gross sales have risen within the high-single digits for the primary quarter to this point in comparison with 2020. In North America the rise was led by double-digit comparable gross sales positive aspects at Free Individuals and the namesake model. Gross sales at Anthropologie have improved, although stay barely adverse. COVID-19 restrictions have stored most European shops closed for the primary quarter, nevertheless U.Okay. places are anticipated to reopen on Monday. The FactSet consensus is for first-quarter gross sales of $870.eight million, suggesting 48% year-over-year progress. The corporate additionally introduced that Tricia Smith has joined as international chief government of the Anthropologie model. Smith spent 26 years with Nordstrom Inc. and was most lately CEO of clothes and accessories retailer Tilly’s. Anthropologie’s earlier international CEO, Hillary Tremendous, stepped down on Friday, April 9. City Outfitters inventory slipped 1.7% in Monday premarket buying and selling, however has rallied 53% for the yr so far. The S&P 500 index is up almost 10% for 2021 to this point.Market Pulse Tales are Fast-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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