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Urban Outfitters has suffered yet another disappointing financial season. The namesake brand reported its sales fell 7 percent in the third quarter. This comes on the heels of a 10 percent fall in the previous quarter, continuing a streak of disappointing numbers this year.
CEO Richard Hayne attributed the fall partially to the design of Urban Outfitters stores, saying on the company's earnings call that they are “needlessly over-assorted and piece-y, which made the shopping experience more difficult and less appealing.”
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