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However, as the holiday season approaches, top apparel brand URBN will likely witness a spike in in-stores and online sales. According to the National Retail Federation, holiday sales during November and December are expected to rise between 8.5% and 10.5%, for a total of between $843.4 billion and $859 billion, marking an all-time high for holiday sales growth and topping last year’s record. In addition, URBN is expected to attract more in-person shoppers as solid progress on the vaccination front has allowed its stores to reopen.
The company’s stable top-line and bottom-line growth reflect URBN’s ability to maintain its growth trajectory. Also, the company ended its third fiscal quarter with inventories up 28.2% from the same period last year. So, as holiday shopping kicks into high gear, URBN should benefit.
