URBN - Nike Foot Locker And Urban Outfitters Tread Carefully As Analyst Predict Sales Headwinds | Benzinga
After Urban Outfitters, Inc. (NASDAQ: URBN) and Foot Locker Inc (NYSE: FL) reported their earnings last month, Nike Inc (NYSE: NKE) is now gearing up to announce its quarterly results later this week.
The latest proprietary survey indicates that U.S. consumers could curtail spending ahead, "with apparel & footwear being the most likely areas of pullback,” according to Jefferies.
The Apparel & Footwear Analyst: Corey Tarlowe downgraded the ratings for Urban Outfitters, Foot Locker and Nike to a Hold.
The Apparel & Footwear Thesis: The resumption of student loan repayments could "weigh further on already soft ...