82 409
Fashion Jobs
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
RALPH LAUREN
General Manager
Permanent · ALBERTVILLE
RALPH LAUREN
General Manager
Permanent · WOODSTOCK
QVC
Area Manager- Fulfillment Center, Nights
Permanent · SUFFOLK
QURATE RETAIL GROUP
Area Manager- Fulfillment Center, Days
Permanent · FLORENCE
LEE
PT Keyholder, Ellenton, FL
Permanent · ELLENTON
SUPRO CONSULTING
Area Sales Manager - on Roll - Opening
Permanent · SALEM
URBN
Anthropologie Design Director
Permanent · PHILADELPHIA
SACK OFF 5TH
Merchandise Planner, Women’s Core/Trend/pl Shoes
Permanent · NEW YORK
HUGO BOSS
Employee Relations Specialist
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · EDINBURGH
Published
Feb 11, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Urban Outfitters full-year sales surge on pre-pandemic levels, names new North America president

Published
Feb 11, 2022

Urban Outfitters Inc. on Thursday reported a 14.2% uptick in fiscal 2022 net sales for the year ended January 31, compared to pre-pandemic levels in fiscal 2020, driven by double-digit comparable revenue growth during the 12 months. ​

In its opening earnings release statement, the Philadelphia-based Urban Outfitters Inc said it viewed the comparison of fiscal 2022 results to fiscal 2020 as a more "meaningful measurement of the company’s business performance," and therefore, reported accordingly.


For the twelve-month period, comparable retail sales increased 16%, driven by strong double-digit growth in digital channel sales - Urban Outfitters


"Due to the material impact of Covid-19 on our business operations in fiscal 2021, including mandated store closures, this release includes a comparison of fiscal 2022 results to fiscal 2020," explained Urban Outfitters, which operates  Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands. 

For the twelve-month period, comparable retail sales increased 16%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales due to reduced store traffic. Wholesale sales decreased 23% primarily from reducing the Free People Group’s sales to promotional wholesale customers, said the company.

For the fourth quarter, Urban Outfitters said net sales ​​were a record $1.33 billion, increasing 13.9% compared to the three months ended January 31, 2020. Comparable sales increased 14%, driven by strong double-digit growth in digital channel sales, while its retail segment sales jumped 15%, offsetting a 22% slump in its wholesale segments.

By brand, comparable sales increased 49% at the Free People Group, 14% at the Anthropologie Group and 3% at Urban Outfitters.

Coinciding with the earnings update, Urban Outfitters announced the appointment of Francis Pierrel to the role of president of Urban Outfitters' North America region. Pierrel will report directly to Sheila Harrington, global chief executive officer of Urban Outfitters and the Free People Group.

Pierrel comes to the company with extensive omni-channel retailing and wholesale experience, having worked previously as president of stores and e-commerce for Ralph Lauren in North America, as well as holding senior roles in wholesale, retail and ecommerce at Lacoste and Diesel across the U.S. and Europe.

​“I am pleased to welcome Francis to our company and the Urban Outfitters brand,” said Richard Hayne, chief executive officer of URBN.

“He is a seasoned omni-channel retail executive with deep experience in managing iconic brands across all channels - e-commerce, stores, and wholesale. We believe his strong leadership will greatly benefit the Urban Outfitters brand."

Most recently, Pierrel served as ​chief executive officer, Club Monaco.

Copyright © 2024 FashionNetwork.com All rights reserved.