Urban Outfitters reports 4 percent growth in Q4 comparable sales

Urban Outfitters, Inc. has announced that total company net sales for the three months ended January 31, 2020, increased 3.6 percent to 1.17 billion dollars, while comparable retail segment net sales increased 4 percent, driven by growth in the digital channel, partially offset by negative retail store sales. By brand, comparable retail segment net sales increased 9 percent at Free People, 6 percent at the Anthropologie Group and were flat at Urban Outfitters. Total retail segment net sales increased 4 percent, while wholesale segment net sales decreased 10 percent due to a 12 percent decrease in Free People.