Cherry Hill

Philadelphia Business Journal Quarterly earnings at Philadelphia-area retailer Urban Outfitters fell 13 percent from the year-earlier period, the Philadelphia Inquirer reports. Urban (NASDAQ:URBN) "said profit was hurt partly by 'slightly higher markdowns on a few women's apparel categories across all brands.'" Sales were up 9 percent to $569 million. See all your followed company news on your personalized dashboard. To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below. Sign Up Now You must have a bizjournals account to follow a

Seattle -- Nordstrom reported Thursday that net income for its second quarter rose 20% to $175 million, compared with $146 million in the year earlier period. Revenue surged 12.4% to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3%. The department store retailer has raised its profit outlook for the full year. Its outlet concept Nordstrom Rack saw net sales increase 23.4% to $92 million, and same-store sales rose 4.8%. "We're mindful of the economic challenges facing all of us," said Blake Nordstrom, president, during a conference call. "However, we know