USA: Urban Outfitters Posts Record Q1 Sales
The Philadelphia-based company, which also operates the Anthropologie chain and Free People wholesale business, attributed the increase to a 32 per cent jump in quarterly comparable store sales, a 47 per cent year-on-year rise in wholesale sales and a 95 per cent year-on-year surge in direct-to-consumer sales for the period.
"Our first quarter sales were simply extraordinary," president Richard Hayne said.
"Customer response to our product offerings excelled throughout the quarter, across all brands and distribution channels, in all regions of the country, and among all merchandise categories."
During the quarter, Urban Outfitters increased its number of stores in operation by 24 per cent year-on-year.
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