Urban Outfitters says fourth-quarter comparable sales up so far

Tue Dec 10, 2013 5:21pm EST

The sign of a Urban Outfitters store is pictured in Pasadena, California August 19, 2013. REUTERS/Mario Anzuoni

The sign of a Urban Outfitters store is pictured in Pasadena, California August 19, 2013.

Credit: Reuters/Mario Anzuoni

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(Reuters) - Teen apparel retailer Urban Outfitters Inc (URBN.O) said in a filing on Tuesday that comparable sales in its retail segment were up so far by a "mid-single-digit" percentage in the fourth quarter, which includes the holiday season.

Shares rose 3.5 percent to $37 in afterhours trading.

Urban Outfitters in November warned of a squeeze on fourth-quarter margins as a tough holiday season could force it to discount more. The retailer had reported a 1 percent decline in comparable sales for the third quarter.

(Reporting by Phil Wahba in New York; Editing by James Dalgleish)

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