Home / Knowledge / News / Apparel/Garments / Urban Outfitters reports record Q1 net sales
Urban Outfitters reports record Q1 net sales
May '16
Global consumer brands company Urban Outfitters reported record net sales in first quarter of fiscal 2017, ended April 30, 2016, attributed to the company’s marketing strategies, inventory management and product mix.

The net sales reported for Q1 of FY17 was $763 million, a rise of 3 per cent as compared to $739 million over the same period last fiscal.

Retail segment at Urban Outfitters reported net sales of $700 million as compared to $685 million in the corresponding quarter last fiscal, growth of 2.18 per cent. Wholesale segment reported net sales of $62 million as compared to $54 million previously, a rise of 14.81 per cent.

The company opened 4 new stores (3 Free People stores and 1 Anthropologie Group) this quarter and closed 2 stores (1 Urban Outfitters store and 1 Anthropologie Group store).

As of April 30, 2016, total inventory decreased by $38 million or 10 per cent on a year-over-year basis because of a decline in comparable retail segment inventory.

“We are pleased to announce record first quarter sales and improved gross profit margins,” Richard Hayne, CEO of Urban outfitters commented. “These results were driven by more compelling product assortments, improved inventory management and stronger marketing.”

The gross profit rate increased by 100 basis points – to 34.3 per cent of net sales – versus the prior year’s comparable period. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Lynda Kelly
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search