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Urban Outfitters Reports Record Holiday Sales

Stocks in this article: URBN

PHILADELPHIA, Jan. 9, 2014 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, today announced record net sales for the two months ended December 31, 2013.

Total Company net sales for the two months increased to $716 million or 8% over the same period last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 3%. Comparable Retail segment net sales increased 21% at Free People and 11% at Anthropologie and decreased 6% at Urban Outfitters. Wholesale segment net sales increased 21%.

"I am pleased to announce record URBN sales for the 2013 Holiday period," said Richard A. Hayne, Chief Executive Officer. "Our Anthropologie and Free People brands delivered outstanding results despite the extreme promotional retail environment," finished Mr. Hayne.

For the 11-month period ended December 31, 2013, total Company net sales increased to $2.9 billion or 11% over the same period last year. Comparable Retail segment net sales increased 7%. Wholesale segment net sales increased 19%.

During the 11 months ended December 31, 2013, the Company opened a total of 36 new stores including: 15 Urban Outfitters stores, 12 Free People stores and 9 Anthropologie stores, and closed 1 Urban Outfitters store and 1 Anthropologie store.

Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 229 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 188 Anthropologie stores in the United States, Canada and Europe, catalogs and websites; Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores, 89 Free People stores in the United States and Canada, catalogs and websites; 2 BHLDN stores and a website and 2 Terrain garden centers and a website, as of December 31, 2013.

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