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Record-setting Q4 for Urban Outfitters
Urban Outfitters Inc. set a record and beat Wall Street expectations with its sales for the fourth quarter and full fiscal year 2014.
Total net sales grew 12% to $1.01 billion from $905.86 million, setting a record for the company. Same-store sales, including direct-to-consumer sales, rose 6%. For the full year, total net sales increased 8% to $3.32 billion, from $3.09 billion, also another record. Same-store sales grew 2%. For both the fourth quarter and full fiscal year, strong growth in the wholesale segment helped push up total net sales.
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West Coast ports temporarily halt some operations Feb. 7-8
San Francisco – Port management temporarily halted vessel loading and unloading operations at West Coast ports the weekend of Feb. 7-8. In a statement, the Pacific Maritime Association (PMA), representing port management, said it did not want to offer port workers premium pay for diminished productivity in light of continued work slowdowns caused by disagreements with the International Longshore and Warehouse Union (ILWU) over issues such as pay, pensions and contract arbitration.

