Published
January 14, 2025
Urban Outfitters Inc. announced on Monday a 10% uptick in holiday sales for the two months ending December 31, on the back of solid comparable retail growth and sales lifts at Anthropologie and Free People.
The Philadelphia-based apparel retailer said total retail sales increased 7%, with comparable retail segment net sales increasing 6%.
The increase in retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales.
By brand, comparable retail segment net sales increased 9% at the Free People Group and 10% at the Anthropologie Group, but decreased 4% at Urban Outfitters.
Wholesale segment net sales increased 29% driven by an increase in Free People wholesale sales. The company’s Nuuly segment net sales increased 55% primarily driven by a 53% increase in average active subscribers.
For the eleven months ended December 31, total company sales increased 7% compared to the prior-year period. Comparable retail segment net sales increased 3%, driven by mid single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales.
During the year, the company opened a total of 45 new retail locations including 26 Free People stores (including 15 FP Movement stores), 12 Anthropologie stores and 7 Urban Outfitters stores. It also closed 12 retail locations including 6 Urban Outfitters stores, 4 Anthropologie stores and 2 Free People stores.
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