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-0.000523377529657956 -0.000907187718073964 -0.00191905094207954 0 -0.00122121423586881 -0.000348918353105304 -0.000348918353105304 -0.00174459176552677
Stock impact report

Deeper Than Expected Black Friday Discounts Stoke Retailer Margin Angst [zero hedge]

Urban Outfitters, Inc. (URBN) 
Last urban outfitters, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.urbn.com/investor-relations
Company Research Source: zero hedge
Deeper Than Expected Black Friday Discounts Stoke Retailer Margin Angst Deeper than expected Black Friday discounts have shifted the focus to profit margins, adding insult to injury to a sector that was already headed into year-end as one of the worst-performers in the S&P 500, with companies such as Target and Best Buy having shocked investors by slashing forecasts in recent weeks. To be sure there was some good news: while the traditional Black Friday scenes of shoppers trampling each other for flatscreen TVs and Playstations were nowhere to be found, online sales set a new record at $9 billion (up from $8.92 billion last year, and $9.03 billion in 2020) due to deeply discounted items ranging from apparel to electronics. In a nutshell, in-store sales were nothing special, online sales were outstanding, but deep inventory-liquidating discounts - the kind we warned about back in May when discussing the reverse bullwhip effect - aimed at stimulating spending have raised analyst concern Show less Read more
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