Mumbai: Urban Outfitters has announced net sales for the fourth quarter and year ended January 31, 2017. During the period under review, the total company net sales increased 2% over the same quarter last year to a record US $ 1.03 billion. According to the company, the comparable retail segment net sales, include comparable direct-to-consumer sales, however remained flat. Wholesale segment net sales had dropped by 1%.
Brand wise, the comparable retail segment net sales increased by 2% at Urban Outfitters, and 1.2% at Free People, but decreased 2.9% at Anthropologie. For the year ended January 31, 2017, total company net sales increased to US $ 3.5 billion or 3% over the prior year. The comparable retail segment net sales also zoomed 1% while wholesale segment net sales soared 11%.