Urban Outfitters, a number one way of life specialty retail business operating underneath the Anthropologie, Totally free Individuals, BHLDN, Terrain as well as Urban Outfitters brands, these days reported record net sales for that 8 weeks concluded December 31, 2011.
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Total Business net sales for that 8 weeks elevated to $577 m or 11% within the exact same period this past year. Equivalent retail segment net product sales, including our channels, elevated 4% whilst comparable shop net sales had been flat. Comparable retail sector net sales elevated 3% with Urban Outfitters as well as Anthropologie & 9% at Totally free Individuals. Direct-to-consumer equivalent net sales improved 17% for that period with all of brands performing double digit increase. Wholesale segment net product sales had been down 1%.
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“We are content to publicize an 11% rise in our holiday sales,” stated Glen T. Senk, Ceo. “The extremely promotional atmosphere along with our objective to lessen our overall inventory levels towards the end from the fourth quarter resulted in much more promotional offerings compared to originally anticipated.” extended Mr. Senk.
For that 11-month timeframe ended Dec 31, 2011, total Business net sales elevated to $2.three billion or 9% within the exact same period this past year. Comparable retail sector net sales had been flat whilst comparable shop net sales reduced 4%. Direct-to-consumer equivalent net product sales rose 15% for that period and wholesale sector net sales elevated 11%.
Throughout the 11 months concluded December 31, 2011, the organization opened an overall total of 50 new shops which includes: 18 brand new Urban Outfitters shops, 13 new Anthropologie shops, and 18 new Totally free Individuals shops and 1 BHLDN shop. The organization will release 4th quarter and fiscal yr 2012 sales outcomes last month 9, 2012.
Urban Outfitters is definitely an revolutionary specialty retail business that provides a number of way of life products to extremely described consumer niches via 194 Urban Outfitters shops in the usa, Canada and Europe, catalogues and web sites; 166 Anthropologie shops in the usa, Canada and Europe, catalogues and web sites; Totally free Individuals wholesale, that sells its item to roughly 1,400 specialty shops and choose shops; 60 Totally free Individuals shops, catalogs and web sites, 1 Terrain nursery and web site and 1 BHLDN shop and web site by December 31, 2011.
What is the news release has been produced pursuant towards the “safe harbor” provisions from the Private Securities Lawsuit Reform Act of 1995. Particular matters found in this release might constitute forward-looking claims. When utilized in this release, what “project,” “plan,” “believe,” “anticipate,” “expect” and other alike expressions usually are meant to determine forward-looking statements, while not all forward-looking claims include these identifying words. Anyone, or all, from the following elements might cause actual monetary leads to be different materially from those monetary outcomes mentioned within the forward-looking claims: the problem in predicting and answering shifts popular trends, alterations in the amount of competitive pricing and promotional activity along with other business elements, overall economic and marketplace circumstances and also the resultant effect on consumer paying patterns, lowered amounts of consumer confidence and better amounts of unemployment, and extension of lowered amounts of consumer spending caused by the continued globally downturn in the economy, any results of terrorist acts or war, accessibility to appropriate retail space for enlargement, timing of shop openings, seasonal fluctuations in product sales, the departure of 1 or even more important senior managers, transfer risks, which includes possible disruptions and alterations in duties, tariffs & quotas, the closing associated with a in our distribution centers, our capability to shield our intellectual property legal rights, risks related to web sales, reaction to new shop ideas, possible difficulty liquidating particular marketable security investments along with other risks identified within the Company’s filings using the Registration. The organization disclaims any intention or responsibility to up-date forward-looking statements even when expertise or future modifications inform you that actual outcomes may vary materially from the projected outcomes expressed or suggested therein.