Monday, February 12, 2018

Urban Outfitters’ Q4 sales up 5.7%

Chain Store Age

The direct-to-consumer channel helped fuel Urban Outfitter in its fourth quarter.

Total company sales rose 5.7% to $1.09 billion in the quarter ended January 31, from $1.03 billion. Same-store sales in the retail segment increased 4%, driven by double-digit growth in the direct-to-consumer channel and stronger apparel sales in January.

By brand, same-store sales rose 8% at Free People. 5% at Anthropologie and 2% Urban Outfitters grew 2%.. . . more