The Urban Outfitters group has posted a record $1.33 billion of sales in its fourth quarter to mark an increase of 13.9% on pre-pandemic levels two years ago.
The owner of the Urban Outfitters, Anthropologie and Free People brands said comparable retail sales climbed by 14% in the three month period ending 31 January after trade was driven by strong double-digit growth in online sales, which was partially offset by low double-digit negative retail store sales due to reduced footfall.
Reporting on the performance of its individual brands, the group said sales at Free People, Anthropologie and Urban Outfitters rose by 49%, 14% and 3% respectively.
Meanwhile total retail segment net sales climbed by 15%. although there was a 22% decline in wholesale sales.
The figures mean that the group’s net sales the year to 31 January rose by 14.2% compared to the year ended 31 January 2020.
