slower sales

Mike Mozart/Mike Mozart

As Sales Sink, Urban Outfitters CEO Declares Retail “Bubble Has Burst”

The last few years haven’t exactly been great for long-time mall retailers, with chains like Wet Seal, BCBG, Aeropostale, and The Limited filing for bankruptcy, while Abercrombie & Fitch and Barnes & Noble struggle to remain relevant. Now that two additional mall mainstays — Express and Urban Outfitters — one CEO is saying that retailers have no one to blame but themselves. [More]