Urban Outfitters Q4 sales decline by 6.9 percent

Total company net sales at Urban Outfitters, for the three months ended January 31, 2021, decreased 6.9 percent over the same period last year to 1.09 billion dollars. The company said, comparable retail segment net sales decreased 7 percent due to negative retail store net sales as stronger conversion rates could not offset the reduced store traffic caused by the coronavirus pandemic and related occupancy restrictions.