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Urban Outfitters Q3 'Comp' sales increase 10%
08 Nov '08
2 min read
Urban Outfitters Inc announced sales for the three and nine months ended October 31, 2008. Total Company sales for the third quarter of fiscal 2009 increased to $478 million or 26% over the comparable quarter last year. Comparable ('comp') store sales at Urban Outfitters, Anthropologie and Free People rose 17%, 2% and 4%, respectively, for a combined increase of 10%. Direct-to-consumer sales jumped 41% and Free People wholesale sales climbed 21%.
"We are very pleased with our sales results during the quarter as all of our brands and channels achieved significant growth," said Glen T. Senk, Chief Executive Officer. "Given the recent economic conditions, however, we are approaching the Holiday and Spring seasons conservatively," continued Mr. Senk.
During the nine months ended October 31, 2008 the Company has opened a total of 41 new stores including: 18 new Urban Outfitters stores, 10 new Anthropologie stores, 12 new Free People stores and one new Terrain garden center. The Company expects to open approximately 47 new stores during the full fiscal year and will release earnings results for the three and nine months ended October 31, 2008 on November 13, 2008.
Urban Outfitters Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 140 Urban Outfitters stores in the United States, Canada, and Europe, two web sites and a catalog; 118 Anthropologie stores, a web site, catalog and Leifstottir, Anthropologie's newly launched wholesale concept; Free People Wholesale, which sells its product to approximately 1,700 specialty stores and select department stores; 27 Free People stores, a web-site and catalog; and one Terrain garden center as of October 31, 2008.
"We are very pleased with our sales results during the quarter as all of our brands and channels achieved significant growth," said Glen T. Senk, Chief Executive Officer. "Given the recent economic conditions, however, we are approaching the Holiday and Spring seasons conservatively," continued Mr. Senk.
During the nine months ended October 31, 2008 the Company has opened a total of 41 new stores including: 18 new Urban Outfitters stores, 10 new Anthropologie stores, 12 new Free People stores and one new Terrain garden center. The Company expects to open approximately 47 new stores during the full fiscal year and will release earnings results for the three and nine months ended October 31, 2008 on November 13, 2008.
Urban Outfitters Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 140 Urban Outfitters stores in the United States, Canada, and Europe, two web sites and a catalog; 118 Anthropologie stores, a web site, catalog and Leifstottir, Anthropologie's newly launched wholesale concept; Free People Wholesale, which sells its product to approximately 1,700 specialty stores and select department stores; 27 Free People stores, a web-site and catalog; and one Terrain garden center as of October 31, 2008.
Urban Outfitters Inc
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