Urban Outfitters Releases Holiday Season Results And Same Store Sales Growth

US youth apparel retailer Urban Outfitters Inc. (NASDAQ:URBN) recently released holiday season results. As of December and 11 December 31, 2014, two months Urban Outfitters Inc. sales increased 10% to 7.85 US dollars, the same store sales increased 4%, of which Free People brand increased by 17% with the same store; Anthropologie Group increased 5% 5%; the group name brand sales increased 1%, while Group wholesale business sales increased by 14%.

　　 Urban Outfitters Inc. CEO Richard A. Hayne said that although this holiday season was the most difficult holiday season in his history, all of her brand Good performance and record sales volume.

In the first 11 months of the 2014/2015 fiscal year ending December 31, 2014, the total sales of Urban Outfitters and Inc. increased by 7% to 3 billion 100 million US dollars. Sale An increase of 1%, a 27% increase in wholesale search. During the period, the group opened 37 new stores: 14 Anthropologie, 12 Free People, 11 Urban Outfitters, and another 1 Urban Outfitters.

Related links:

A person familiar with the matter said that the meeting was announced on Monday at Burch Creative Capital's Flatiro office, where employees were withdrawn from headquarters forever. C. Wonder's management, design and sales team still don't know what it will look like. A salesperson in New York who did not want to be named said the brand planned to close its 8 non Manhattan stores in the next two weeks. Surplus goods are expected to be liquidated in C.Wonder stores in Time Warner Center, SOHO and downstream Fifth Avenue. As of Tuesday afternoon, the staff of these stores still did not know that their other branches would be closed, and there was no clear type of severance payment. Some sources say they expect a three week window period before closing down.

On Tuesday, Burch said, "I am very sorry for the fierce competition in the retail environment. The company has to take these necessary steps today. I want to personally thank the outgoing C.Wonder staff for their valuable contributions. "

It remains to be seen whether Chapter 11 will be submitted or Burch will try to save the C.Wonder brand or otherwise authorize the leased debt appears to be the biggest responsibility of Burch in C.Wonder, and the company's Columbus Circle store is reportedly $1600 per square foot. In late November, the company said it would close 20 of its 32 stores.

One source said he made a leap in the first 6 months of trading with Ellen DeGeneres and developed his lifestyle brand ED. Burch now has more time to focus on a diversified portfolio including BaubleBar, his daughter, Pookie and Louisa - sports brand Trademark, Five Below and Solid & Striped, and non fashion companies.

In July, the WWD interview mentioned ED, and Burch insisted that he did not find another project in any form. "I am tired," he said at the time. "For some reason, everyone thinks that we are in fashion in our industry. I really am not. I have 50 other things to do every day. Yes, I have invested a lot of entrepreneurs in our industry. In every category, I only deal with technology. I enjoy my holiday. So for me, I really didn't see anything else. "

"The passion, creativity and intuition that can't be stopped," a friend described, Burch and C.Wonder's biggest stumbling block may be the oldest predicament, too much and too fast. After signing a licensing agreement with Al Tayer in the Middle East in November 2013, Burch said the company's five year plan is to open 250 to 300 stores in 50 countries. Unlike the company co founded by his ex-wife, Tory, the company has her name, the first time to open a store in NoHo, and set up a wholesale business before opening other independent stores around the world - Burch and C.Wonder. According to the source, he invested heavily in its infrastructure and foreign purchases, even though the demand for products had not yet reached that level.