URBAN NOTCHES SALES AND PROFIT GAIN

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August 21st, 2012 @ 7am

The company occupies the ground floor at the busy corner of Broad and West Front streets. (Click to enlarge)

By JOHN T. WARD

Sales revenue was up six percent at Urban Outfitters in the second fiscal quarter, the parent company of the clothing-and-tchotchkes chain announced Monday.

The news prompted a 17-percent surge in price for the company’s shares, Bloomberg reported.

The Philly-based Urban Outfitters Inc. owns Anthropologie as well as its namesake chain, which has a store in downtown Red Bank.

The Urban chain reported net sales of $310 million in the three-month period ending July 31, up from $272 million in the comparable 2011 quarter.

The company doesn’t report sales by individual location.

Corporate net income rose to $61.3 million, from $56.7 million, the company reported.

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