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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.

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URBAN NOTCHES SALES AND PROFIT GAIN

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.

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URBAN OUTFITTERS POSTS SALES GAINS

urban-outfitters-logoUrban Outfitters, a national clothing chain with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter.

The Philadelphia-based company’s Urban Outfitters brand, which has a store at Broad and West Front streets in Red Bank, saw a 10-percent jump in sales from the comparable period of a year ago, to $356 million, it reported.

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