Urban Outfitters, a staple brand of millennials’ indie sleaze aesthetic during the mid-aughts, has been struggling to appeal to younger generations. By its CFO’s own admission in 2024, the brand missed “rapid and seismic shifts” between Gen Z and millennials during the pandemic, leading to 11 consecutive quarters of decline. Over the past year, however, Urban Outfitters’ brands — which includes Anthropologie, Free People, and the fashion rental subscription service Nuuly — seem to have made a comeback, notching four consecutive quarters of sales growth for the first time since 2021.
The S&P 500 and Nasdaq 100 were both down for the day, week, and month while the Russell 2000 was down on the day and week, but gained for the month, as February trading came to a close on Friday. Financials and tech were the worst-performing sectors as rising credit risks weighed on upstart growth companies.
It’s a risk-off tone in markets to start the week after the US launched a series of attacks against Iran starting on Saturday. Oil futures spiked and stock futures dipped on Sunday evening as traders processed the news.
