Urban Outfitters reaches record 1.5 billion in revenue

In the quarter ending 31 October, American fashion group Urban Outfitters has achieved quarterly sales of more than 1.5 billion dollars for the first time. Group sales rose by 12.3 %, thanks to growth across all channels — retail, wholesale and especially subscriptions.

Growth across the board

Retail sales increased by 9.6 % to 1.296 billion dollars, while wholesale sales rose 7.6 % to 88 million dollars. Thanks to the enormous growth in the past quarter, subscription revenues are now approaching 150 million dollars. All brands also grew: Urban Outfitters itself recorded an increase of 12.5 % (in comparable sales), Anthropologie grew by 7.6 % and Free People by 4.1 %.