REVENUE & PROFIT UP AT URBAN OUTFITTERS

urban-outfitters-logoUrban Outfitters, the owner of national clothing chains with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter, even as stores that had been open more than a year struggled to match last year’s performance.

The Philadelphia-based company’s Urban Outfitters brand, which includes a store at Broad and West Front streets in Red Bank, saw a 16-percent jump in sales from the comparable period of a year ago, to $415 million, it reported.

That figure, however, includes store sales as well as online and catalog transactions. Separately, the company said comparable-store net sales at stores that had been open a year or more were flat in the fourth quarter and down 1 percent for the year.

The company, which also has an Anthropologie store at the Grove at Shrewsbury, does not break down results by store location. The company operates 215 Urban Outfitters stores, 180 Anthropologie shops, 77 Free People stores and two BHLDN stores, as well as related websites.