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Q4FY17 net sales at Urban Outfitters up 2%
10
Feb '17
Net sales for the three months ended January 31, 2017, at marketer of several apparel brands, Urban Outfitters went up 2 per cent over a fiscal ago quarter to $1.03 billion. Comparable net sales were flat in the reporting quarter, driven by double digit growth in the direct to consumer channel, but offset by slower retail store comparable net sales.

In the fourth quarter of fiscal 2017, comparable brand wise retail segment net sales grew 2.0 per cent year on year at Urban Outfitters and 1.2 per cent at Free People, but dropped 2.9 per cent at Anthropologie.

In the period under review, wholesale segment net sales declined 1 per cent, mainly as the prior fiscal’s fourth quarter period, benefitted from late shipments of third quarter bookings.

For full fiscal 2017, total net sales drove up 3 per cent over the prior fiscal’s fourth quarter to $3.5 billion. (AR)

Fibre2Fashion News Desk – India


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