Home / Knowledge / News / Apparel/Garments / Q2FY17 sales at apparel marketer Urban Outfitters up 3%
Q2FY17 sales at apparel marketer Urban Outfitters up 3%
19
Aug '16
Net sales for the three months ended July 31, 2016 at multi brand apparel marketer Urban Outfitters rose 3 per cent over the previous fiscal's same quarter to a record $891 million.

For the second quarter of fiscal 2017, comparable retail segment net sales, which includes comparable direct-to-consumer channel grew 1 per cent year on year, while wholesale segment increased 4 per cent.

Brand wise, comparable retail segment net sales climbed 5 per cent at Urban Outfitters, were flat at Free People, and dropped 3 per cent at the Anthropologie Group in the reporting quarter.

Gross margin in the quarter under review rose 179 basis points over the prior fiscal's second quarter, driven by improvement in margins in the Urban Outfitters and Anthropologie Group brands.

Net income totaled $77 million or $0.66 earnings per diluted share for the three months ended July 31.

CEO Richard Hayne said, "These results were driven by a positive retail segment comparable and substantial improvement in merchandise margins." (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search