Urban Outfitters, Inc., the parent of the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, reported net sales for the fourth quarter of fiscal 2015 increased to $1.01 billion or 12 percent over the same quarter last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 6 percent. Comparable Retail segment net sales increased 18 percent at Free People, 6 percent at the Anthropologie Group and 4 percent at Urban Outfitters. Wholesale segment net sales rose 21 percent.
For the year ended January 31, 2015, total company net sales increased to $3.3 billion or 8 percent over the prior year. Comparable Retail segment net sales increased 2 percent. Wholesale segment net sales increased 27 percent.
“I am pleased to announce record URBN sales for the fourth quarter of fiscal 2015 driven by positive comps at each of our brands with the direct-to-consumer channel continuing to outpace store sales,” said Richard A. Hayne, chief executive officer. “Although promotional activity was higher than planned, we are entering the spring selling season in a clean inventory position, and we are encouraged by the steady progress the Urban Outfitters brand is making in re-engaging its core customer,” finished Mr. Hayne.
Net sales by brand and segment for the three and twelve month periods were as follows:
During the year ended January 31, 2015, the company opened a total of 38 new stores including: 15 Anthropologie Group stores, 12 Free People stores, and 11 Urban Outfitters stores. The company closed 3 Urban Outfitters stores due to lease expirations.
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 238 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 204 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 102 Free People stores in the United States and Canada, catalogs and websites; Free People wholesale, which sells its product to approximately 1,600 specialty stores and select department stores worldwide; and 2 Terrain garden centers and a website, as of Jan. 31, 2015.
The company will release fourth quarter and fiscal year 2015 earnings results on Mar. 9, 2015.