×
7 728
Fashion Jobs
PRIMARK
SEO Analyst
Permanent · READING
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · NEWPORT
ESTEE LAUDER
Tom Ford Beauty & Artisan Fragrances - Area Sales And Education Manager (Midlands)
Permanent · Birmingham
ESTEE LAUDER
Travel Retail - jo Malone London - Account Coordinator - Gatwick.Wdf-North - 37.5h/Week - Full Time, Permanent
Permanent · Horley
ESTEE LAUDER
Estee Lauder - Area Sales & Education Manager (Birmingham, Cambridge & mk)
Permanent · Birmingham
PRIMARK
Visual Merchandising Manager
Permanent · Kingston upon Hull
HARVEY NICHOLS KNIGHTSBRIDGE
Collect in Store Consultant
Permanent · LONDON
PRIMARK
Visual Merchandising Manager
Permanent · KINGSTON UPON HULL
PRIMARK
Visual Merchandising Manager
Permanent · YORK
FRASERS GROUP
Site SEO Manager
Permanent · STRETFORD
FRASERS GROUP
CRM Manager - Sports
Permanent · STRETFORD
SPORTS DIRECT
Front of House Security
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELTENHAM
JOHN LEWIS
Loss Prevention Partner
Permanent · DARTFORD
URBN
Urban Outfitters Wholesale Sales Coordinator (Ftc) - London, UK
Permanent · LONDON
SUPERDRY
Internal Audit Manager
Permanent · CHELTENHAM
NEXT
Sales Coordinator - Nottingham Victoria Retail Park
Permanent · NETHERFIELD
NEXT
Delivery Coordinator - Didcot
Permanent · DIDCOT
NEXT
Sales Coordinator - Bristol Imperial Park
Permanent · BRISTOL
NEXT
Sales Coordinator - Coventry Arena Retail Park
Permanent · COVENTRY
NEXT
Delivery Coordinator - Falkirk Central Retail Park
Permanent ·
Published
Jan 10, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters’ record holiday sales fail to impress analysts

Published
Jan 10, 2020

Philadelphia-based lifestyle and services company Urban Outfitters, Inc. announced “record” sales for the 2019 holiday season on Thursday but disappointed analysts with the results of its flagship brand and warnings of weaker Q4 margins.


Urban Outfitters' Free People brand led growth in the company's retail sales over the holidays, but saw declines in its wholesale business - Instagram: @freepeople

 
The company reported a year-over-year increase of 2.9% in net sales in the two-month period ended December 31, 2019. Comparable retail sales rose 3%, thanks largely to progress in the digital channel.
 
Retail comps growth was led by increases of 8% at Free People and 5% at Anthropologie Group, while the company’s namesake Urban Outfitters banner saw a 1% decrease.

Growth at Free People was driven by strong full-price sales, but both Anthropologie and Urban Outfitters increased their promotional activity during the holiday period, a fact which the company highlighted will put its fourth-quarter margins under greater pressure than originally anticipated.
 
This news, coupled with the declines at the Urban Outfitters brand, sent shares of the company plummeting more than 9% in the extended session on Thursday.
 
Furthermore, while sales growth in the company’s retail segment totaled 3%, the wholesale segment saw less positive results during the holiday period, posting a 9% decrease, dragged down by a larger-than-expected decline of 11% at Free People.
 
Year to date, Urban Outfitters, Inc. saw net sales rise 0.5%, with comparable retail segment net sales increasing 1%. Total retail segment sales for the 11-month period posted an increase of 1%, but the wholesale segment saw a 5% decrease.
 
Since the beginning of the fiscal year, the company has opened 25 new retail locations across its brand portfolio and closed seven.  

Copyright © 2022 FashionNetwork.com All rights reserved.