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Urban Outfitters shares tumble on disappointing holiday sales, retailer taps Harrington as CEO – CNBC

Urban Outfitters shares tumbled after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart.

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Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month.
Its stock dropped about 11% in after-hours trading, having closed the day up nearly 6%.
Urban Outfitters, which also owns the Anthropologie and Free People brands, said current CEO Trish Donnelly will be leaving, effective Jan. 31, to pursue another career opportunity. It has named Sheila Harrington, current CEO…

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