Urban Outfitters’ second-quarter earnings topped analysts’ estimates but its revenue fell short amid comp declines at its namesake and Anthropologie divisions.
As the retail industry continues to evolve, CEOs are increasingly being rewarded for innovating and planning for the future instead of simply achieving annual profit goals.
Given that this is now the third consecutive quarter in which revenues have fallen and the second in which comparable sales have dipped, there can be no doubt that Kohl’s has been blown off course.