Nov 19 (Reuters) - Attire retailer City Outfitters Inc URBN.O on Tuesday reported lower-than-expect
Nov 19 (Reuters) – Attire retailer City Outfitters Inc URBN.O on Tuesday reported lower-than-expected quarterly gross sales, hit by decrease demand for its namesake model, sending its shares down about 10% after the bell.
Internet gross sales rose 1.4% to $987 million, beneath the typical analyst expectations of $1 billion, in line with IBES information from Refinitiv.
(Reporting by Soundarya J in Bengaluru; Enhancing by Amy Caren Daniel)
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