Urban Outfitters Holiday Sales Up 16%

It was another solid holiday season for Urban Outfitters. The lifestyle apparel and home decor cataloger/retailer says that total company sales for the two months ended Dec. 31 increased to $452 million.

The Philadelphia-based company, which includes the Anthropologie, Free People, Leifsdottir, Terrain and Urban Outfitters brands, recorded $389 million in revenue for the same period in 2008.

“We are pleased to announce a 16% increase in our Holiday sales,” said CEO said Glen T. Senk in a statement. “All of our brands posted positive comp store sales during the period with each improving their comp trend from the previous quarter of this fiscal year.”

Better still, direct-to-consumer sales rose 28% for the period, with all three brands posting double-digit growth. Total company comp store sales grew 5%; comp store sales were up 10% at Anthropologie, 8% at Free People and 1% at Urban Outfitters. Wholesale segment sales increased 9%.

For the 11-month period ended Dec. 31, Urban Outfitters’ total sales increased 5%, to $1.8 billion, fueled largely by the direct business. Direct-to-consumer sales rose 18% for the period, comp store sales were down 3% and wholesale segment net sales decreased 4%.

During the 11 months ended Dec. 31, the Company has opened a total of 29 new stores including: 11 new Urban Outfitters stores, 14 new Anthropologie stores including our first Anthropologie store in Europe, and four new Free People stores. The company will release fourth quarter and fiscal year 2010 sales results on Feb. 4.

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