Urban Outfitters Tops Profit Estimates

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Aug. 19 (Bloomberg) –- Talented Blonde President Kristin Bentz and Experian Marketing Services Managing Director Bill Tancer discuss the state of retail and the rise of online shopping with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

This is "taking stock." i am pimm fox.

Urban outfitters reported its results.

That launches a big week for retail earnings.

Shares rose after the second quarter profit exceeded wall street estimates.

Shares are higher by more than 6%. here to tell us more about the world of shopping from san francisco is the managing director of global research for exp erion.

Joining us from scottsdale, ariz., is the president of talent blog.

No hiding what you think about the future of america.

Let's focus on urban outfitters and what this tells you about the trends in retail.

What does it mean?

Right now, it is nice to see urban coming out with a sales increase.

It shows you what is unique in retail is selling.

What does that mean?

What is unique about urban outfitters?

It is the retail store for the making and dating set.

Those entering college, getting their first apartment.

They sell a very unique product.

You can furnish your first apartment and outfit yourself as well.

You can do this all on line, i am assuming.

This is where you are telling people retail shopping is moving and growing.

Absolutely.

We're looking at online retail traffic.

We saw retail increase about 9% compared to the same week last year.

We're seeing an increase in traffic to retail.

That does not always bode well.

In good times, more people visit online retail to buy.

In bad times, people visit online retail.

That is because they're looking for the best price.

If you were to make a prediction about the seasonal changes in the retail industry, what would you say based on the growth of online shopping?

The back-to-school season is the key indicator for the upcoming holiday season.

We're looking at it closely.

We are seeing an increase in traffic to retail sites.

There is also an increase in searches on value qualifiers.

That is search terms like discounts and coupons coast.

People are using the internet to leverage to get the best price.

The interesting thing with urban is there traffic increased about 40% since the beginning of the year.

We've seen an increase in traffic there and also positive results today.

That is because of the demographic.

18224-year old -- 18 to 24-year- olds are more positive than the general population.

The idea that online retailing is what you have to pay attention to to understand the trends.

You were describing earlier today something from forever 21. it is also taking a bite out of the way retail companies do their business.

Forever 21 is privately held.

It took its entire staff and put them on part-time status.

There are no more full-time employees.

Perhaps a harbinger of more bad news to come for retail.

What is the retail trend that is going to do well with back- to-school?

It is interesting.

I think it is all about by now and we're now.

It is how the consumer is shopping.

The millennials have a lot of power.

They are shopping on-line with their ipads, etc.

Urban was classic in capturing that.

J. crew for the first time put their entire fall catalog online.

That shows you the way the consumer is moving.

Retailers that are nimble are following the way they shop.

The consumer that can tap into the millennials and provide great value and trendy products when the kids are shopping, they will be the winners this back- to-school season.

Does anybody pay full price for anything anymore?

No.

unless it is hermes.

Thank you for joining us from arizona and san francisco.

Coming up, fox sports 1 hit the airwaves this past saturday.

This text has been automatically generated. It may not be 100% accurate.

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