SPY304.32+1.52 0.50%
DIA254.29+0.10 0.04%
IXIC9,489.87+120.88 1.29%

Urban Outfitters Comparable Retail Segment Sales Decreased 28%

Total Company net sales for the three months ended April 30, 2020, decreased 31.9% over the same period last year to $588 million. Comparable Retail segment net sales decreased 28%, driven by negative retail store sales

Benzinga · 05/19/2020 20:06

Total Company net sales for the three months ended April 30, 2020, decreased 31.9% over the same period last year to $588 million. Comparable Retail segment net sales decreased 28%, driven by negative retail store sales due to mandated store closures, partially offset by low double-digit growth in the digital channel. By brand, comparable Retail segment net sales decreased 19% at Free People, 24% at Urban Outfitters and 33% at the Anthropologie Group. Total Retail segment net sales decreased 28%. Wholesale segment net sales decreased 74%.