Urban Outfitters Direct Sales Soar 35%

Philadelphia-based apparel and home decor merchant Urban Outfitters (Nasdaq: URBN) reported a 35% increase in its direct-to-consumer business, which includes the Anthropologie, Free People, and Urban Outfitters catalogs.

For the three months ended July 31, direct-to-consumer sales reached $42.5 million, up from $31.5 million in the second quarter of 2006. Total company net sales increased 22% to $348.5 million, compared to $285.6 million for the same period last year.

“We delivered excellent results this quarter driven by outstanding performances at the Anthropologie and Free People brands,” said president/chairman Richard A. Hayne in a statement. “The Urban Outfitters brand was less successful as its stores experienced gross margin pressure due to the de-leveraging of occupancy expenses and the need to take significant merchandise mark-downs.”

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
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.