Urban Outfitters reports 3% rise in net sales | Retail News USA
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Urban Outfitters reports 3% rise in net sales

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Urban Outfitters

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Urban Outfitters Inc., a portfolio of global consumer brands comprised of Anthropologie, Bhldn, Free People, Terrain, Urban Outfitters and Vetri Family labels, has announced its net sales for the two and eleven months ended December 31, 2016.

Comparable retail segment net sales enhanced 1.5 per cent, which includes comparable direct-to-consumer channel. In the two-month period, comparable Retail segment net sales for Urban Outfitters noted a surge of 3.6 per cent while it was 2.9 per cent increase for Free People. However, Anthropologie Group, the comparable retail segment net sales declined 1 per cent. This increase is driven by strong, double-digit growth in the direct-to-consumer channel, partially offset by lower than anticipated retail store comparable net sales.

Also ReadUrban Outfitters’ net sales up 5% in Q3

In the eleven-month period, apparel retailer’s total net sales increased 3 per cent over the same period last year. Comparable retail segment net sales also zoomed 1.3 per cent. Additionally, the company opened a total of 27 new stores including: 13 Free People stores, 10 Anthropologie Group stores and 4 Urban Outfitters stores; and closed 3 stores including: 1 Free People store, 1 Anthropologie Group store and 1 Urban Outfitters store.

 

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