Urban Outfitters Admits to Being Out of Sync With Fashion

Photo: Konstantin Sergeyev

Urban Outfitters president Stephen Murray is leaving the company to pursue another job in London. He's getting out at what may be a good time for him and is certainly a bad time for Urban: The company's comparable retail sales for the first quarter were "low-single-digit negative," it reported last week. Analysts continue to accuse the store of being out of sync with fashion trends and carrying a bland, passé selection of merchandise. They are predicting low single-digit decreases in same-store sales for the month of March.

Stephen Murray Exits Urban Outfitters [WWD]