×
79 324
Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Deer Park Outlet
Permanent · Deer Park
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Short Hills
Permanent · Millburn
ULTA BEAUTY, INC.
General Manager
Permanent · Buena Park
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Lake Stevens
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Battle Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Gambrills
URBN
Urban Outfitters, Inc. Operations Manager
Permanent · RENO
URBN
Free People Assistant Visual Manager
Permanent · OAK BROOK
ESTEE LAUDER
2nd Shift Order Handler $1500 Sign-on Bonus
Permanent · Bristol
NORDSTROM
Retail Stock & Fulfillment - Beachwood Place
Permanent · Beachwood
NORDSTROM
Assistant General Manager- Bazille- Cherry Creek Shopping Center
Permanent · Denver
NORDSTROM
Asset Protection - Agent - Cherry Creek Shopping Center
Permanent · Denver
GAP
General Manager - Suburban Square
Permanent · Ardmore
GAP
Asset Protection Service Representative - Broadway & Maiden
Permanent · New York
GAP
Asset Protection Coordinator - Sawgrass Mills
Permanent · Sunrise
MACY'S
Asset Protection Detective, Parks at Arlington - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Southcenter - Standard Part Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Shoppes at Buckland Hills - Standard Part Time
Permanent · Hartford
MACY'S
Asset Protection Detective, Glenbrook Square Mall - Standard Part Time
Permanent · Fort Wayne
MACY'S
Asset Protection Security Guard, Los Angeles dt Broadway Plaza - Standard Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Manassas - Full Time
Permanent · Manassas
MACY'S
Buyer
Permanent · New York
Published
May 22, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Urban Outfitters reports record Q1, new clothing rental service announced

Published
May 22, 2019

Philadelphia-based fashion and lifestyle group Urban Outfitters Inc. reported record first-quarter sales on Tuesday, but it was its foray into the rental subscription market that really had people talking. 

The new womenswear rental service will be called Nuuly and will launch in the U.S. this summer - DR

 
In the middle of a hot sharing economy, the group announced the launch of an online subscription service, which will allow people to borrow six items to wear for a month before swapping them.
 
The womenswear service will be called Nuuly and will launch in the U.S. this summer.

The announcement comes alongside the company’s reporting of net income of $33 million and earnings per diluted share of $0.31 for the three months ended April 30, 2019. Net sales for the quarter increased 1 percent over the same period last year to a record $864 million. 
 
Comparable retail segment net sales increased 1 percent, with strong double-digit growth in the digital channel, partially offset by negative retail store sales.
 
By brand, comparable retail segment net sales increased 2 percent at Free People, 1 percent at the Anthropologie Group and were flat at Urban Outfitters, while wholesale segment net sales increased 2 percent.
 
“We are pleased to announce record first quarter sales,” said CEO Richard A. Hayne. “Our sales growth was driven by our seventh straight quarter of positive retail segment ‘comps’ as well as continued growth in our wholesale segment.” 
 
During the quarter, the company opened a total of four new retail locations including two Anthropologie Group stores and two Free People stores. It closed three retail locations including one Anthropologie Group store, one Free People store and one Food and Beverage restaurant. 

Copyright © 2022 FashionNetwork.com All rights reserved.