THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Urban Outfitters hails record fourth quarter sales

Urban Outfitters, the parent company of Anthropologie, BHLDN, Free People and Urban Outfitters, has seen its fourth quarter net sales rise by 13.9% to a record… View Article

FASHION

Urban Outfitters hails record fourth quarter sales

Urban Outfitters, the parent company of Anthropologie, BHLDN, Free People and Urban Outfitters, has seen its fourth quarter net sales rise by 13.9% to a record $1.33 billion compared to the same period two years ago..

In the three-month period to 31 January, comparable retail segment net sales increased by 14% following strong double-digit growth in online sales, which partially offset lower sales in stores following reduced footfall due to the Covid-19 pandemic.

Giving an update on the performance of its brands, Urban Outfitters said comparable retail segment net sales climbed by 49% at the Free People Group,  and by 14% and 3% at Anthropologie and Urban Outfitters respectively. Total retail segment net sales grew by 15%.

Meanwhile, total company net sales in the year to 31 January rose by 14.2% compared to two years ago prior to the pandemic.

Richard Hayne, Urban Outfitters chief executive, said: “Record fourth quarter sales were driven by positive ‘comps’ at all brands. Strong customer response to our early spring offerings bode well for continued sales growth in the first quarter.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News