Why Urban Outfitters, Inc. Stock Was Climbing Today

Shares of Urban Outfitters, Inc. (NASDAQ: URBN) were moving higher today as expectations for the company's upcoming third-quarter earnings report rose after a number of retail stocks posted better-than-expected earnings reports.

With its focus on hipsters and other urban millennials through brands such as its namesake Anthropologie and Free People, the company does not have a close peer in the public markets, but it still benefited as apparel retail stocks were surging across the board today due to strong results from Gap, Abercrombie & Fitch, Foot Locker, Ross Stores, Hibbett Sports, Shoe Carnival, and others. The reports seem to buck the conventional wisdom that mall-based apparel retail is dying as companies have adapted to changing dynamics and comparable sales are improving.

Image source: Urban Outfitters.

Source: Fool.com