20.02.2009
Urban Outfitters ends the year with strong web sales
Urban Outfitters Inc. is reporting solid e-commerce growth for Q4 and the full year. In the fourth quarter ended Jan. 31, 2009, direct sales for Urban Outfitters rose by 10.9% to $87.8 million from $79.2 million in Q4 of 2007. With the web accounting for about 90% of direct sales, e-commerce revenue in Q4 increased 20.4% to $79 million from $65.6 million. Comparable store sales for Urban Outfitters decreased by 1% while total revenue grew by 9.1%. Urban Outfitters will release its full 2008 financials, including net income, on March 5. For the full year, direct sales rose by 32.4% to $272.4 million from $205.7 million in 2007 while comparable stores grew by 8% and total sales grew by 22% to $1.83 billion from $1.50 billion in 2007. E-commerce revenue rose year over year by 32.5% to $245.2 million from $185.1 million in 2007.
Fonte: Internet Retailer
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