Profit Up 45 Percent at Urban Outfitters

Share this article:
Urban Outfitters' profits soared 45 percent in its fourth quarter, the company said yesterday.


The youth-oriented specialty clothing and accessories retailer reported net income of $8.4 million for Q4, which ended Jan. 31, versus $5.8 million a year ago. Sales were up 13 percent to $117.6 million from $103.9 million. Direct-to-consumer sales increased 18 percent to $9.37 million for the quarter.


For the year, Urban Outfitters' net income skyrocketed 83 percent to $27.4 million compared to $15 million last year. DTC sales increased 28 percent to $31.75 million for the year.


The company has 53 Urban Outfitters stores and 39 Anthropologie stores.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.