Editor’s note: The Urban Outfitters chain reported a 4% increase in comparable retail sales, which include online sales.
Press Release:
Urban Outfitters Reports Record Q4 Sales
PHILADELPHIA, Feb. 9, 2015 (GLOBE NEWSWIRE) — Urban Outfitters, Inc. (URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced record net sales for the quarter and year ended January 31, 2015.
Total Company net sales for the fourth quarter of fiscal 2015 increased to $1.01 billion or 12% over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 6%. Comparable Retail segment net sales increased 18% at Free People, 6% at the Anthropologie Group and 4% at Urban Outfitters. Wholesale segment net sales rose 21%.
For the year ended January 31, 2015, total Company net sales increased to $3.3 billion or 8% over the prior year. Comparable Retail segment net sales increased 2%. Wholesale segment net sales increased 27%.
“I am pleased to announce record URBN sales for the fourth quarter of fiscal 2015 driven by positive comps at each of our brands with the direct-to-consumer channel continuing to outpace store sales,” said Richard A. Hayne, Chief Executive Officer. “Although promotional activity was higher than planned, we are entering the spring selling season in a clean inventory position, and we are encouraged by the steady progress the Urban Outfitters brand is making in re-engaging its core customer,” finished Mr. Hayne.
During the year ended January 31, 2015, the Company opened a total of 38 new stores including: 15 Anthropologie Group stores, 12 Free People stores, and 11 Urban Outfitters stores. The Company closed 3 Urban Outfitters stores due to lease expirations.
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 238 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 204 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 102 Free People stores in the United States and Canada, catalogs and websites; Free People wholesale, which sells its product to approximately 1,600 specialty stores and select department stores worldwide; and 2 Terrain garden centers and a website, as of January 31, 2015.
Â
