Urban Outfitters shrinks benefit in 20% in first semester

Urban Outfitters disaccelerates in the first quarter. American fashion company has finished its first three months of fiscal exercise with a net benefit of 32.5 million dollars (29.1 million euros), a 20.9% less than the same period of 2018.

Group’s sales, for its part, have stalled between February and April. The group has registered a volume of business worth 864.4 million dollars (774.6 million euros), only a 1% more than the same period of previous year.  

By brands, the homonymous ensign has been the one registering a better progress within the period. Urban Outfitters has grown a 2.2%, getting to 354.9 million dollars (318 million euros), while Anthtopologie’s sales have decreased a 1.7% in the first quarter, until 316.8 million dollars (283.8 million euros).

Free People’s income have maintained upwards betwwen February and april, with a growth of a 2.6%, until 186.1 million dollars (166.7 million euros). By distribution channels, the group has increased only a 0.9% the billing of its own stores, getting to 782.5 million dollars (701.2 million euros), while the sales to multi-brand have grown a 2% within the period, until 81.8 million dollars (73.3 million euros).

In the first quarter, the company has opened five brand new establishments, two under Urban Outfitters’ concept, two under Free People’s ensign and one franchise of Anthropologie. The group has also launched a rental clothing platform, but has closed three points of sale: one of Anthropologie, another of Free People and one of its restaurants.