Free People at Urban Outfitters wholesale sales go up
07 Aug '08
2 min read
Urban Outfitters Inc, a leading lifestyle specialty retail company operating under the Anthropologie, Free People, Terrain and Urban Outfitters brands, announced sales for the three and six months ended July 31, 2008.
Total Company sales for the second quarter of fiscal 2009 increased by 30% over the same period last year to $454.3 million. Comparable (comp) store sales at Anthropologie, Free People and Urban Outfitters rose 7%, 10% and 19%, respectively, for a combined increase of 13%. Direct-to-consumer sales surged 42% and Free People wholesale sales increased 14%.
"I am extremely pleased with our sales performance during the second quarter," said Glen T. Senk, Chief Executive Officer. "All of our brands and channels executed exceptionally well, with the Urban brand gaining momentum as they headed into the important "back-to-school" season.
We believe these results are driven by our ability to inspire our customers with unique product and a distinctive shopping experience," finished Mr. Senk.
During the six months ended July 31, 2008 the Company has opened a total of 24 new stores including: 10 new Urban Outfitters stores, 7 new Anthropologie stores, 6 new Free People stores and one new Terrain garden center.
The Company expects to open 45 new stores during the full fiscal year and will release earnings results for the three and six months ended July 31, 2008 on August 14, 2008.