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Urban Outfitters falls short of Street expectations
Urban Outfitters reported substantial gains in net sales for the fourth quarter and fiscal year 2014, driven primarily by the company’s Anthropologie and Free People brands.
Total company sales in the quarter increased 6% to $906 million from $856.8 million in the year-ago period — less than Wall Street expected.
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Instacart adds DC to same day network
Residents of the Washington, D.C., metro area can now have products ordered from supermarket operator Harris Teeter delivered within the hour following Instacart’s entry into the market.
Instacart’s network of personal shoppers began delivering items ordered from Harris Teeter on Feb. 11. The service provider expects to add other retailers in the coming weeks which would allow shoppers to combine items from multiple stores in a single order and have them delivered in as little as one hour.