Urban Outfitters' Q1 Sales Soar

PHILADELPHIA-The apparel and home furnishings retailer also plans to open 45 new stores during its fiscal year.

By Ian Ritter | Updated on May 06, 2010

PHILADELPHIA-Urban Outfitters continues to over-perform during the recession. The apparel and home furnishings retailer posted a 16% sales increase at stores open for at least a year during its first quarter.

The company’s 35 Free People stores rose 25%. Its 142 Antrhopologie stores were up 22%, and the retailer’s 157 namesake locations increased 9%.

Urban Outfitters’ total sales hit $480 million, rising 25% from the same year-ago period. The retailer will release its full earnings report on May 13.

During the first quarter, Urban Outfitters opened nine new stores: Five Anthropologies, two Free People locations and two of its namesake stores. The company has plans to open 45 total stores during its fiscal year.

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