Urban Outfitters Says Holiday Same-store Sales Fell 2% For Retail Segment

Urban Outfitters Inc. said that holiday season same-store sales decreased 2% for the two months ending Dec. 31. Total sales for the period were flat compared with last year. Sales increased 2% at Free People, but decreased 2% at Urban Outfitters and Anthropologie. Sales for the wholesale segment increased 40% partially due to delayed shipments from the third quarter, the company said. "We continued to experience strong direct-to-consumer growth at all our brands during this holiday season," said Richard Hayne, chief executive at Urban Outfitters. "These gains were offset by weaker store sales which we believe was driven by declining store traffic." Urban Outfitters shares are down 37.2% for the past 12 months while the S&P is down 4.1%.