Urban Outfitters Inc.
) recently posted sales data for the months of November and
December. Sales rose 8% year over year to $716 million in the
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Comparable Retail segment net sales (including comparable
direct-to-consumer channel) rose 3%. Comparable Retail segment
net sales rose 11% at Anthropologie and 21% at Free People but
declined 6% at Urban Outfitters. Net sales grew 21% at the
For the 11 month-period ended Dec 31, 2013, Urban Outfitters' net
sales rose 11% year over year to $2.9 billion. Nets sales at
wholesale segment grew 19% while comparable Retail segment net
sales grew 7%.
Further, the company opened 36 outlets during the 11 month-period
comprising 15 Urban Outfitters outlets, 12 Free People stores and
9 Anthropologie outlets. It also closed 1 store each of Urban
Outfitters and Anthropologie brands.
Other retailers that came strongly during the holiday season that
appeared to be tough one include
Rite Aid Corporation
Costco Wholesale Corporation
). Macy's comparable-store sales for the November and December
period combined rose 3.6%, while including departments licensed
to third parties, it rose 4.3%.
Costco reported a 6% year-over-year rise in net sales to $11.53
billion for December (five weeks ended Jan 5, 2014) while comps
rose 3%. Drugstore chain retailer, Rite Aid reported improved
comps for December (4 weeks ended Dec 28, 2013) on Jan 3, 2014.
Comps for the month rose 2.9% from the prior-year period,
primarily driven by higher comps at its front-end and pharmacy
Currently, Urban Outfitters' carries a Zacks Rank #3 (Hold).