US: Urban Outfitters posts "record" Q4 sales
- Total sales climb 6%
- Comparable sales up 1%
Lifestyle retailer Urban Outfitters has posted "record" sales in its fourth-quarter, driven by revenues at its Anthropologie and Free People divisions.
Sales in the quarter to the end of January were up 6% to US$905.8m from $856.8m.
Comparable retail segment sales, including the firm's comparable direct-to-consumer channel, increased 1%.
Comparable sales were up 20% at Free People and 10% at Anthropologie, but dropped 9% at Urban Outfitters. Wholesale segment revenues rose 24%.
"I am pleased to announce record sales for the fourth quarter of fiscal 2014 driven by outstanding performances from the Anthropologie and Free People brands," said Richard Hayne, CEO.
"Although customer response to our early spring fashion offerings has been difficult to read due to weather abnormalities, the Anthropologie and Free People brands continue to deliver solid comparable Retail segment sales gains. These gains, however, have been largely offset by weakness at the Urban Outfitters brand."
The Intimate Apparel market in the US comprises of intimate apparel for both men and women. Intimate apparel products include underwear, bra, panty, sleepwear, daywear, and shapewear....
- Cotton supply chain transparency an ongoing issue
- What does supply chain mapping really mean?
- Supply chain takeaways from Sourcing at MAGIC
- No simple way to be sustainable, says SAC CEO
- Why voters don’t want more global supply chains
- Nike and Crystal Group "doing well by doing good"
- Li & Fung eyes supply chain speed in 3-year plan
- Cambodia’s focus on garment production also a risk
- C&A helps grow organic cotton production in China
- US Q2 in brief - G-III Apparel, A&F, Sears
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras