Retailer Urban Outfitters posted a 46% surge in second quarter profit, thanks to a 20% sales hike led by a strong performance for its Free People brand.

Direct sales were up 36% and wholesale revenues rose 16% in the three months to 31 July, the company said.

“Given the context of an uncertain economic environment, the company continues to focus on superior creative execution, combined with disciplined inventory and expense management,” said Glen Senk, Urban Outfitters CEO.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.