Total company internet sales at Urban Outfitters, for the three months ended The month of january 31, 2021, decreased six. 9 percent over the exact same period last year to 1. 2009 billion dollars. The company mentioned, comparable retail segment internet sales decreased 7 % due to negative retail store internet sales as stronger conversions could not offset the decreased store traffic caused by the particular coronavirus pandemic and associated occupancy restrictions.
By brand name, comparable retail segment internet sales increased 6 % at Free People plus decreased 6 percent with Urban Outfitters and eleven percent at the Anthropologie Team. Wholesale segment net product sales decreased 7 percent.
“I am pleased to report that most three brands registered good improvement in ‘comp’ product sales trends in January through that delivered during the Vacation period, ” said Rich A. Hayne, the company’s Chief Executive Officer in a statement, including, “Customer reaction to our springtime assortments has been quite strong plus ‘comps’ for the first 7 days of the new fiscal 12 months were positive at each brand name. ”
During the year under evaluation, the company opened a total associated with 20 new retail places including seven Urban Outfitters stores, seven Anthropologie Team stores and six Totally free People stores including 2 FP Movement stores; plus closed 10 retail places including eight Urban Outfitters stores, one Anthropologie Team store and one Free Individuals store. The company also shut six franchisee-owned stores which includes four Urban Outfitters shops, one Anthropologie Group shop and one Free People shop.
Picture: Facebook/Free People