Boston, MA 06/02/2014 (wallstreetpr) – There is little to celebrate about Urban Outfitters, Inc. (NASDAQ:URBN). From declining same-store sales to negative press about the company ripping of an indie designer, are not the best news for a company that needs customer and shareholder goodwill. The company’s CEO, Richard Hayne, acknowledge recently that much work needs to be done to help URBN regain footing in the fashion segment where it has yielded so much ground. The stock fell 25 percent in 2013, and it is down almost 10 percent since the beginning of 2014.
The company has lost its footing in the fashion segment amid intense competition. High operating costs are also bogging down Urban Outfitters, Inc. (NASDAQ:URBN)’s bottom-line.
Dominion Resources, Inc. (NYSE:D) is considering a new natural gas pipeline for transmission between West Virginia to southern Carolina. The new pipeline project is still in preliminary stages but if all goes well it could start operations by end of 2018. According to current estimates such a pipeline facility could cost about $2 billion to construct.
Dominion is excited about the natural gas transportation opportunities and the company expects to enhance its capacity to attract more revenue. While Dominion Resources, Inc. (NYSE:D) is looking into new projects, the company is also trying to curb its costs and expenses to support bottom-line improvement.
According to CEO Thomas F. Farrell II, the big interest in getting natural gas from Marcellus and Utica shale in Appalachians into Virginia and North Carolina provides a big business opportunity for Dominion Resources.
Ur-Energy Inc. (USA) (NYSEMKT:URG) expects its contractual sales to approach $26.5 million in 2014. That comes after the company announced securing attractive sales commitments. The company also updated on its Shirley Basin project where it successfully completed drillings. The Shirley Basin is part of the property that the company acquired in December 2013. The company is looking to improving production and cost-savings to support its profitability.
Shares of Ur-Energy Inc. (USA) (NYSEMKT:URG) are down more than 10 percent year-to-date.