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Urban Outfitters Q4 profit falls but beats Street
Philadelphia – Net income fell at Urban Outfitters Inc. during the fourth quarter of fiscal 2014, but still beat Wall Street expectations.
Urban Outfitters reported net income of $80.3 million, down 9% from $88.68 million the same quarter a year earlier. Lower initial merchandise markups, increased markdowns and higher selling, general and administrative (SG&A) expenses all contributed to the decline.
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NPD Group and Nielsen get cooking at Housewares Show
The biggest news at the International Home and Housewares Show didn’t involve a new product introduction, but rather an information sharing arrangement between The NPD Group and Nielsen that will help retailers and supplier make sense of the market.

