Well, we’ll always have somewhere to buy patterned leggings
Tons of retail outlets teeter on the the edge of the econopocalypse these days as shoppers cut back on unnecessary expenses, and you’d think that Philly’s own Urban Outfitters, Inc., would be among them. I mean, they sell high-ish-priced items, generally involving ’90s-revival plaid, asymmetrical large-fonted words, birds, non-standard sleeve decisions or all of the above, that don’t really have a use beyond the buyer’s opinion that they look neat. Examples: a plush mustache.
This is not even touching on my issues with where they draw the ever-eroding line between “This is a shirt, it must be worn with pants” and “This is a dress, it may be worn with metallic tights.”
But anyway, URBN released last year’s sales numbers today, and they seem to be doing quite all right. Better than all right, in fact. While the average in-store sales numbers (across Urban Outfitters, Anthropologie and Free People) did drop 1% in the fourth quarter, it was more than made up for by online and catalog sales, which nudged total URBN sales to $1.8 billion, 22% up from the previous year.
Three months ended Twelve months ended
January 31, January 31,
---------------------- ----------------------
2009 2008 2009 2008
---------- ---------- ---------- ----------
(in thousands) (in thousands)
Urban Outfitters
stores $ 213,435 $ 196,625 $ 771,362 $ 628,328
Anthropologie stores 172,098 165,853 642,161 561,990
Free People stores 9,588 6,302 32,907 17,192
Terrain 1,165 -- 5,656 --
---------- ---------- ---------- ----------
Net store sales 396,286 368,780 1,452,086 1,207,510
---------- ---------- ---------- ----------
Direct-to-consumer 87,810 72,920 272,472 205,742
---------- ---------- ---------- ----------
Retail segment net
sales 484,096 441,700 1,724,558 1,413,252
---------- ---------- ---------- ----------
Wholesale 23,982 23,711 110,060 94,472
---------- ---------- ---------- ----------
Total net sales $ 508,078 $ 465,411 $1,834,618 $1,507,724
========== ========== ========== ==========
Looks like the impossibly pretty URBN HQ down at the Navy Yard is a pretty good place to be right now; I guess they’re not going to have to stop feeding the koi anytime soon.
But you still cannot purchase a $20 anti-war scarf/terrorist scarf. Old news, but still entertaining.
All the URBN numbers at yahoo biz



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