×
1 656
Fashion Jobs
TJX CANADA
IT Finance & Fixed Assets Manager
CDI · Mississauga
TJX CANADA
Loss Prevention Security Monitoring Operator
CDI · Mississauga
ESTÉE LAUDER
Associate Consultant - Clinique - Calgary, ab
CDI · Calgary
ADIDAS
Senior Analyst, Business Process Management
CDI · Vaughan
LEVI'S
Full-Time Sales & Merchandising Supervisor, Levi’s®, Sherway Gardens, Canada
CDI · Toronto
TJX CANADA
Loss Prevention Store Investigator -Scarborough - York - Richmond Hill
CDI · Mississauga
TJX COMPANIES
Senior IT Security Vulnerability Analyst
CDI · Mississauga
NORDSTROM
Asset Protection - Agent - One Bloor Rack
CDI · Toronto
TJX CANADA
District Manager, Gta
CDI · Mississauga
TJX CANADA
Loss Prevention, Store Investigator - Gta
CDI · Mississauga
TJX CANADA
Loss Prevention Regional Orc Investigator - Calgary
CDI · Calgary
L'OREAL GROUP
Project Coordinator - Merchandising And Education
CDI · Montréal
ESTÉE LAUDER
Associate Consultant - Clinique - Halifax, ns
CDI · Halifax Regional Municipality
TJX CANADA
Summer Term Finance Analyst cO-Op
CDI · Mississauga
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ADIDAS
Director of Sales - Adidas Golf
CDI · Vaughan
TJX CANADA
Distribution Services Purchasing Specialist
CDI · Mississauga
TJX CANADA
Loss Prevention Store Investigator - Vancouver
CDI · Vancouver
TJX CANADA
Buyer ii
CDI · Mississauga
TJX CANADA
Loss Prevention Systems Remote Investigator
CDI · Mississauga
ESTÉE LAUDER
Manager, Finance & Business Management
CDI · Toronto
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.