Urban Outfitters posts 15% rise in holiday sales

Urban Outfitters has reported a 15% rise in holiday sales thanks to gains across all of its brands, along with improved inventory management.

The company, which operates the Anthropologie, Free People and Urban Outfitters chains, said net sales increased to $666 million for the two months to the end of December, compared to the same period the prior year.

Comparable retail sales, which include the group’s comparable direct-to-consumer channel, climbed 9%, while comparable store sales edged down 1%. Comparable retail sales were up 33% at Free People, 10% at Urban Outfitters and 5% at Anthropologie.

Direct-to-consumer sales jumped 38% and wholesale sales increased 21%.

“We are pleased to announce a 15% increase in our holiday sales, driven by strength in all brands,” said CEO Richard Hayne. “I am proud of the teams’ execution as they delivered better product with more disciplined inventory management leading to improvement in regular price sales.”

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