collected by :John Locas
as informed in
Urban Outfitters’ shares slumped more than 8% on Wednesday morning after its fourth quarter results (for fiscal-year 2017) missed analyst estimates.
While net sales increased 2% over the same quarter last year, comparable retail segment net sales remained flat.
The quarter’s net sales came in at $1.032 million, up 1.7% from the same period last year, but slightly below the estimate of $1.037 billion.
Diluted earnings per share for the year ending January 31, 2017, were $1.86.
The company reported earnings per diluted share of $0.55 for the fourth quarter of 2016, missing analyst expectations by a penny, down from $0.61 earned during the same period a year ago.
as mentioned in
The retailer operates roughly 200 Urban Outfitters and Anthropologie locations in the U.S., and nearly 130 Free People shops.
Urban Outfitters isn’t in any rush to sign leases on new stores.
Until that time, the retailer will hold off on any making any plans to relocate some of its Urban Outfitters or Anthropologie stores, or open additional Free People shops.
It plans to open 15 new stores in North America this year, a pullback from 26 and 29 over the two previous years, respectively.
“Our industry, not unlike the housing industry, saw too much square footage capacity added in the ’90s and early 2000s.
as mentioned in
Urban Outfitters uses app location data to spur sales
39 in the Internet Retailer 2016 Top 500 Guide, launched a one-day campaign in October using its app location data and data from marketing vendor Appboy and location marketing platform PlaceIQ Inc.
Urban Outfitters Inc. tapped into its app users’ location data to boost sales of party dresses.
When a consumer downloads the Urban Outfitter’s app she fills in her gender and opts-in to sharing her location.
Urban Outfitters is No.
Urban Outfitters has run several location-based marketing campaigns with Appboy, which declined to reveal costs.