Urban Outfitters Reports Q3 Earnings Increase 17%

Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Free People, Leifsdottir, Terrain and Urban Outfitters brands today announced earnings of $73 million and $198 million for the three and nine months ended October 31, 2010, respectively. Earnings per diluted share were $0.43 for the quarter and $1.16 for the nine months ended October 31, 2010.

Total Company net sales rose by 13% over the same quarter last year to $574 million. Comparable retail segment net sales, which include our direct-to-consumer channels, improved 6% for the quarter while comparable store net sales grew 1% for the quarter. Comparable retail segment net sales at Anthropologie, Free People and Urban Outfitters increased 5%, 29%, and 5%, respectively for the quarter. Direct-to-consumer comparable net sales soared 31% and wholesale segment net sales rose 13% for the quarter.

FUQI International Opens New Jewelry Showroom in Shenzhen and Participates 2010 Shen Zhen International Jewelry Fair

FUQI International, Inc. (Nasdaq: FUQI) today announced the grand opening ceremony of its newly expanded jewelry showroom in Shenzhen, China as well as its participation in the 2010 Shen Zhen International Jewelry Fair.

Special guests and major wholesale customers were invited to attend the ribbon cutting ceremony to commemorate the opening of its new showroom. In addition, the Company hosted a large booth at the trade fair to showcase featured costume designed jewelry pieces, most of which can be found in the Company's new showroom.

lululemon athletica inc. Announces Second Quarter Fiscal 2010 Results

lululemon athletica inc. [NASDAQ:LULU; TSX:LLL] today announced financial results for the second quarter ended August 1, 2010.

For the thirteen weeks ended August 1, 2010:

• Net revenue for the quarter increased 55.8% to $152.2 million from $97.7 million in the second quarter of fiscal 2009. Net revenue from corporate-owned stores was $129.4 million for the quarter, an increase of 52.1% from $85.1 million in the second quarter of fiscal 2009, and comparable-store sales increased by 31% on a constant-dollar basis.
• Gross profit for the quarter increased by 77.8% to $80.3 million, and as a percentage of net revenue gross profit increased to 52.8% for the quarter from 46.2% in the second quarter of fiscal 2009.

  Published: 10 September 2010

  Written by Editor

  TSX   Nasdaq   Financial Results   Up on News   Retail  

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Coldwater Creek Announces Second Quarter 2010 Results

Coldwater Creek Inc. (Nasdaq:CWTR ) today reported financial results for the three- and six-month periods ended July 31, 2010.

Second Quarter 2010 Operating Results

• Net sales were $253.5 million, compared with $225.2 million in the fiscal 2009 second quarter. Sales from the retail segment, which includes the Company's premium retail stores, outlet stores and day spa locations, were $195.4 million versus $183.4 million in the fiscal 2009 second quarter. Comparable premium store sales increased 4.8 percent in the second quarter versus the second quarter of fiscal 2009.  Direct sales (internet and phone) increased 39.0% to $58.1 million from $41.8 million in the same period last year.
• Gross profit for the fiscal 2010 second quarter was $84.7 million, or 33.4 percent of net sales, compared with $75.7 million, or 33.6 percent of net sales, for the fiscal 2009 second quarter. The 20 basis point decrease in gross profit margin was primarily due to increased promotional activity as compared to last year, which was partially offset by improvements in IMU and occupancy leverage.

  Published: 25 August 2010

  Written by Editor

  Nasdaq   Up on News   Financing   Retail  

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