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Urban Outfitters Q4 sales up 6%, but still disappoint
Philadelphia – Urban Outfitters reported substantial gains in net sales for the fourth quarter and fiscal year 2014. Total company sales in the quarter increased 6% to $906 million, less than Wall Street expected, from $856.8 million in the year-ago period.
Same-store retail segment net sales, which include the direct-to-consumer channel, increased 1%. Same-store retail segment net sales increased 20% at Free People and 10% at Anthropologie and decreased 9% at Urban Outfitters. Wholesale segment net sales rose 24%.
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McDonald’s global same-store sales increase 1.2% in January
Oak Park, Ill. - McDonald's Corporation reported a 1.2% increase in global same-store sales during January 2014. That includes a decrease of 3.3% in U.S. same-store sales amid what McDonald’s called broad-based challenges including severe winter weather.