Urban Outfitters reports record sales thanks to fashion rental …

Aug 22, 2024 · However, it decreased by 9.3% at Urban Outfitters. Wholesale net sales increased 15.1%, driven by a 17.5% increase in Free People orders. Richard A. Hayne, Chief Executive …

CouponFollow Extension

3%
OFF

Urban Outfitters Reports Record Sales Thanks To Fashion Rental …

1 week from now

Aug 22, 2024 · However, it decreased by 9.3% at Urban Outfitters. Wholesale net sales increased 15.1%, driven by a 17.5% increase in Free People orders. Richard A. Hayne, Chief Executive …

theindustry.fashion

1%
OFF

URBN Reports Record Q2 Sales | Urban Outfitters, Inc. – IR Site

1 week from now

Wholesale segment net sales increased 15.1% driven by a 17.5% increase in Free People wholesale sales due to an increase in sales to department stores and specialty customers, …

urbn.com

5%
OFF

Nuuly’s Fashion Rentals See URBN Achieve 'record' Sales

1 week from now

Feb 29, 2024 · Total company net sales increased 7.5% to a record £4.06 billion ($5.15 billion). In terms of brands, sales increased by 21.4% at Free People and 12.3% at Anthropologie. …

theindustry.fashion

9%
OFF

URBN Reports Record Q4 Sales And Strong Earnings Growth

1 week from now

Comparable Retail segment net sales increased 18.9% at Free People and 12.0% at Anthropologie and decreased 13.6% at Urban Outfitters. Wholesale segment net sales …

urbn.com

50%
OFF

Fashion Rental Rebounds—Driven By Gen Z And Millennials - Forbes

1 week from now

May 28, 2024 · Nuuly, a 5-year-old apparel rental business of lifestyle retailer Urban Outfitters, reported last week more than 50% annual sales growth for the first quarter ended April 30, …

forbes.com

1%
OFF

URBN Reports Record Q1 Sales And Earnings - Yahoo Finance

1 week from now

May 21, 2024 · Comparable Retail segment net sales increased 17.1% at Free People and 10.4% at Anthropologie and decreased 13.7% at Urban Outfitters. Wholesale segment net sales …

yahoo.com

5%
OFF

Urban Outfitters Reports Record Sales Year Of $5.15 Billion

1 week from now

Feb 29, 2024 · Urban Outfitters Inc. announced on Wednesday net sales for the fiscal year ending January 31, 2024 increased 7.5% reaching a record $5.15 billion, on the back of substantial …

fashionnetwork.com

5%
OFF

Urban Outfitters Logs Record Sales Again Despite Trouble

1 week from now

Aug 23, 2023 · Dive Brief: Urban Outfitters Inc. logged a record quarterly sales of $1.27 billion, a 7.5% increase, beating last quarter’s record of $1.11 billion, the company announced in its …

fashiondive.com

$1
OFF

Nuuly’s Take On Rental Drives Growth For Urban Outfitters

1 week from now

Oct 24, 2024 · Nuuly represents a relatively small slice of Urbn's total revenues, which grew 6.3 percent to $1.4 billion for the second quarter. But looked at another way, the rental platform …

pressreader.com

$1.16
OFF

Urban Outfitters Sees Record Q2 Sales And Profits

1 week from now

Aug 25, 2021 · Urban Outfitters, Inc., has reported total company net sales of a record $1.16 billion for the three months ended 31 July 2021, which also incorporates the Anthropologie and …

theindustry.fashion

FAQs about Urban Outfitters reports record sales thanks to fashion rental … Coupon?

Will Urban Outfitters be profitable?

Urban Outfitters has spent over $100 million building Nuuly, a competitor to Rent the Runway that stocks more casual clothing. Four years in, the service is growing fast, and its owner says it will soon be profitable. ...

How much did Urban Outfitters spend on nuuly?

Urban Outfitters Inc. has spent at least $100 million on Nuuly, including building two distribution centres and dry cleaning facilities. (Nuuly) In October, Nuuly had over 190,000 subscribers, compared to Rent the Runway’s 141,000 average active users in the second quarter. ...

Does Urban Outfitters offer rental services?

Urban Outfitters’ approach is rare in the fashion industry, where most brands that offer rental do so through a third-party provider, such as CaaStle, which operates the entire service. That limits the risk, but also the upside; brands such as Vince and Maje have offered rental for years through CaaStle, a sign their customers want the service. ...

How many Urban Outfitters stores were opened in 2024?

During the year ended January 31, 2024, 1 Urban Outfitters franchisee-owned store was opened. ...

Is the fashion rental industry making a comeback?

The fashion rental industry, severely impacted by the pandemic, is seeing a resurgence as the two major players—Nuuly and Rent the Runway—report growth alongside the emergence of smaller clothing rental platforms, driven by Gen Z consumers. The fashion rental industry is gradually making a comeback, with Urban Outfitters’ Nuuly, Rent The ... [+] ...

Why did Urban Outfitters increase its gross profit rate?

The increase in adjusted gross profit rate for Urban Outfitters was primarily due to higher initial merchandise markups for all brands because of Company cross-functional initiatives. This increase was partially offset by higher merchandise markdowns, primarily at the Urban Outfitters brand, and a deleverage in logistics expenses. ...