The American fashion group Urban Outfitters, Inc. recorded both sales and profit increases in the first half of the year. The group includes retailers Anthropology and Urban Outfitters, the fashion brand Free People and the clothing loan Nuuly.
The group’s turnover rose by eleven percent in the first six months. This achieved record sales of $ 2.83 billion (2.43 billion euros). The greatest increase was the Free People brand. The group attributes this to an increase in wholesale sales of specialist shops. Each of the companies under the roof of the group recorded an increase in sales in the first half of the year.
The company’s net profit rose from $ 179 million in the previous year to $ 252 million in the first half of the current financial year.
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