×
1 813
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Glasgow Silverburn (37.5 Hours)
Permanent · Glasgow
SHISEIDO
Bareminerals Account Manager - House of Fraser Guildford (37.5 Hours)
Permanent · Guildford
SHISEIDO
Laura Mercier Account Manager - John Lewis Bluewater (37.5 Hours)
Permanent · Dartford
SHISEIDO
Nars Stock Manager - Selfridges London (37.5 Hours)
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Oxford Street, London - 7.5 Hours - Part-Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Eastbourne - 5.5 Hours - Part Time, Permanent
Permanent · Eastbourne
MONCLER
Store Operations Manager - Flagship London
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Barkers, Northallerton - 5.5 Hours - Part Time, Permanent
Permanent · Northallerton
BURBERRY
App Officer - Sloane Street
Permanent · LONDON
360 TALENT LONDON
​Sales Supervisor
Permanent · LONDON
ESTÉE LAUDER
Consumer Marketing & Event Coordinator, Mac And jo Malone London - Travel Retail Emea (Based London)
Permanent · London
Advertisements
By
Reuters
Published
Mar 5, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters posts smaller Q4 profit on markdowns

By
Reuters
Published
Mar 5, 2009

- Urban Outfitters Inc reported a lower fourth-quarter profit Thursday that fell short of market expectations despite higher sales, as markdowns crimped earnings during the holiday shopping season.


Urban Outfitters spring 09

Shares of the apparel, accessories and home goods retailer were down as much as 10 percent in trading before the bell.

Most apparel retailers have had to take up aggressive discounting at their stores over the past few months, to lure customers who have cut back heavily on discretionary spending.

During the fourth quarter ended January 31, the company said it was able to cut comparable inventory levels by 13 percent, and selling, general and administrative expense as a percentage of sales by 73 basis points.

However, these were unable to offset the impact of the markdowns, as gross profit margin fell 555 basis points from the year-ago period.

The operator of the Urban Outfitters, Anthropologie and Free People chains said net income in the holiday quarter was $40.5 million, or 24 cents per share, compared with $53.6 million, or 32 cents per share, a year earlier.

Revenue grew 9 percent to $508 million.

Analysts, on average, had been expecting the Philadelphia-based company to report earnings of 28 cents a share on revenue of $518.3 million, according to Reuters Estimates.

The company, whose rivals include Aeropostale and American Eagle Outfitters, also cut back on its store expansion plans for 2010. It now expects to open 42 to 45 new stores, against earlier plans of opening 52 stores.

Shares of the company were down to $14.30 in trading before the bell, before paring some losses to trade at $15.00 Thursday morning.

(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anthony Kurian)

© Thomson Reuters 2021 All rights reserved.