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Week in Review: Farfetch's YNAP acquisition, Nike's NFT dominance, Urban Outfitters' profit losses

The Glossy Podcast

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Urban Outfitters Are Making More Money Than Ever, and Yet Their Profits Are Falling Predictably

Sophia: I think a lot of that still has to do with the language and the fact that, you know, it's called an nft thatis crypto. It can feel a little bit exclusionary. And digital fashion, digital collectables, i think hat that's something that people understand more. She says urban outfitters particularly had some issues with employe retention; they're spending more on labor. A, just, tha, costs are going up all over the place for a lot of these brands.

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