Urban Outfitters

Urban Outfitters’ Shares fall 15%

Urban Outfitters’ Shares fall 15%

Shares of an American multinational clothing corporation, Urban Outfitters fell nearly 15% on Friday after investors received warning from the apparel retailer that third-quarter earnings would be hurt by declining sales.

The stock dropped to its lowest since July 2012, closing down $4.94, or 14.29%, to $29.62. The warning increased worries that teens will avoid the company's fashions at the time of the essential holiday season.

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