UPDATE: Urban Outfitters (URBN) Holiday 2014 Retail Comps Rose 4%

Urban Outfitters (NASDAQ: URBN) announced record net sales for the two months ended December 31, 2014.

Total Company net sales for the two months increased to $785 million or 10% over the same period last year. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 4%. Comparable Retail segment net sales increased 17% at Free People, 5% at the Anthropologie Group and 1% at Urban Outfitters. Wholesale segment net sales increased 14%.

"This year's holiday environment in the fashion apparel industry was more promotional than any I can recall," said Richard A. Hayne, Chief Executive Officer. "Thus, I am pleased the company delivered record sales and positive retail segment comps at each of our brands," finished Mr. Hayne.

For the 11-month period ended December 31, 2014, total Company net sales increased to $3.1 billion or 7% over the same period last year. Comparable Retail segment net sales increased 1%. Wholesale segment net sales increased 27%.

During the 11 months ended December 31, 2014, the Company opened a total of 37 new stores including: 14 Anthropologie stores, 12 Free People stores, and 11 Urban Outfitters stores; and closed 1 Urban Outfitters store.

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