Net Income Falls At Urban Outfitters

First-quarter direct-to-consumer sales for apparel and home decor merchant Urban Outfitters increased 4%. That was the good news.

But total sales for the first quarter slipped 2%, to $384.8 million, compared with $394.3 million for the same period last year. The Philadelphia-based retailer’s net income sank 28%, to $30.8 million, down from $42.6 million.

In fiscal 2009, net sales at Urban Outfitters rose 21.7%, to $1.83 billion, from $1.51 billion in fiscal 2008. Direct-to-consumer net sales for fiscal 2009 were up 32.4%. The company’s direct-to-consumer business includes the Anthropologie, Free People, and Urban Outfitters catalogs.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.