Home / Knowledge / News / Apparel/Garments / Urban Outfitters Q1 sales up 17%, same-store sales down

Urban Outfitters Q1 sales up 17%, same-store sales down

06
May '06
Urban Outfitters Inc, a leading lifestyle consumer products company operating under the Anthropologie, Free People and Urban Outfitters brands, announced sales for the three months ended April 30th 2006.

Total company sales for the first quarter increased by 17 percent over the same period last year to $270.0 million. The following factors drove this increase:

-- A 22 percent increase in the number of stores in operation resulting in new and noncomparable store sales increases of $32.4 million;
-- A 65 percent jump in Free People wholesale sales; and
-- A 17 percent gain in direct-to-consumer sales.

The combination of these factors more than offset a 3 percent decrease in total company comparable store sales during the first quarter. By brand, 'comp' store sales decreased by 2 percent at Anthropologie and 4 percent at Urban Outfitters, and increased by 14 percent at Free People.

In the prior year's first quarter, 'comps' at those brands increased by 9 percent, 13 percent and 45 percent, respectively and total Company 'comps' rose by 11 percent.

Richard Hayne, Chairman and President, said, "As our merchants navigate through the turbulence caused by the recent macro-change in women's fashion, our Urban Outfitters and Anthropologie brands both delivered Q1 'comp' store sales well below our original expectation."

"At the same time, the Free People wholesale and retail groups and the Urban European division producedsales results that significantly exceeded our plans. In addition, total 'comp' store sales strengthened in April over the prior two months due to the Easter calendar shift and a better customer response to the newly arrived Anthropologie summer apparel assortment," Hayne added.


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Feb 2020

Turkey, Pak want to raise bilateral trade volume to $5 bn

Turkey and Pakistan want to raise bilateral commercial and economic...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Textiles | On 18th Feb 2020

IMF says Indian economic environment weaker than projected

There is an urgent need for more ambitious structural and financial...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Sustainable fashion is also ‘slow fashion’

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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

Leave your Comments


February 2020

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


Advanced Search