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Home / Knowledge / News / News From the WEB / URBN Reports Record Holiday Sales
URBN Reports Record Holiday Sales
11
Jan '19

PHILADELPHIA, Jan. 10, 2019 (GLOBE NEWSWIRE) Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands and the Food and Beverage division, today announced net sales for the two and eleven months ended December 31, 2018.

Total Company net sales for the two months ended December 31, 2018, increased 5.0% over the same period last year. Comparable Retail segment net sales increased 5%, driven by strong, double-digit growth in the digital channel, partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 6% at Free People, 5% at Urban Outfitters and 4% at the Anthropologie Group. Wholesale segment net sales increased 3%.

For the eleven months ended December 31, 2018, total Company net sales increased 10.0% over the same period last year. Comparable Retail segment net sales increased 9%, driven by strong, double-digit growth in the digital channel and positive retail store sales. Wholesale segment net sales increased 10%.

During the eleven months ended December 31, 2018, the Company opened a total of 17 new retail locations including: 5 Urban Outfitters stores, 5 Free People stores, 4 Anthropologie Group stores and 3 Food and Beverage restaurants; and closed 4 retail locations including: 2 Anthropologie Group stores, 1 Urban Outfitters store and 1 Free People store. During the eleven months ended December 31, 2018, 4 franchisee-owned Urban Outfitters stores were opened.

Urban Outfitters, Inc., offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 249 Urban Outfitters stores in the United States, Canada, and Europe and websites; 228 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 136 Free People stores in the United States, Canada and Europe, catalogs and websites, 13 Food and Beverage restaurants, and 4 Urban Outfitters franchisee-owned stores, as of December 31, 2018. Free People, Anthropologie Group and Urban Outfitters wholesale sell their products through approximately 2,100 department and specialty stores worldwide, digital businesses and the Company’s Retail segment.

(This story has not been edited by Fibre2Fashion staff and is published from a syndicated feed.)


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