Urban Outfitters, Inc., a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, announced record net sales for the quarter and year ended January 31, 2014.
Total Company net sales for the fourth quarter of fiscal 2014 increased to $906 million or 6% over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment net sales increased 20% at Free People and 10% at Anthropologie and decreased 9% at Urban Outfitters. Wholesale segment net sales rose 24%.
For the year ended January 31, 2014, total Company net sales increased to $3.1 billion or 10% over the prior year. Comparable Retail segment net sales increased 6%. Wholesale segment net sales increased 20%.
"I am pleased to announce record URBN sales for the fourth quarter of fiscal 2014 driven by outstanding performances from the Anthropologie and Free People brands," said Richard A. Hayne, Chief Executive Officer.
"Although customer response to our early spring fashion offerings has been difficult to read due to weather abnormalities, the Anthropologie and Free People brands continue to deliver solid comparable Retail segment sales gains. These gains, however, have been largely offset by weakness at the Urban Outfitters brand," finished Mr. Hayne.
During the year ended January 31, 2014, the Company opened a total of 38 new stores including: 16 Urban Outfitters stores, 13 Free People stores and 9 Anthropologie stores, and closed 1 Urban Outfitters store and 2 Anthropologie stores.
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 230 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 187 Anthropologie stores in the United States, Canada and Europe, catalogs and websites; Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores, 90 Free People stores in the United States and Canada, catalogs and websites; 2 BHLDN stores and a website and 2 Terrain garden centers and a website, as of January 31, 2014.
The Company will release fourth quarter and fiscal year 2014 earnings results on March 10, 2014.