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Net sales at Urban Outfitters rises 2% in Q4FY17
11
Mar '17
Net sales for the three months ended January 31, 2017 at Urban Outfitters rose 2 per cent over a fiscal ago quarter, to a record $1.03 billion. However, comparable retail segment net sales, which also include its comparable direct to consumer channel, were flat. By brand, sales at Urban Outfitters and Free People grew 2 and 1.2 per cent, respectively.

According to the marketer of various apparel brands, comparable retail segment sales were driven by strong, double-digit growth in the direct-to-consumer channel, which were offset by negative retail store comparable net sales.

In the reporting quarter, the gross profit margin decreased 142 basis points, when compared with the prior fiscal's comparable quarter.

'The decline in gross profit margin was driven by deleverage in customer delivery and logistics expense rates, primarily due to the increased penetration of the direct-to-consumer channel and deleverage in maintained margins due to lower initial mark-up and higher markdowns at both the Anthropologie and Urban Outfitters brands," the company added. (AR)

Fibre2Fashion News Desk – India


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