Cataloger/retailer Urban Outfitters Inc., based in Philadelphia, reported net income of $3.4 million for the quarter ended Jan, 31, a decline from $5.5 million for the comparable quarter last year.
Net sales for the quarter were up 13% to $85.6 million from $75.4 million for the same period last year. Direct response sales increased by 28% over the comparable quarter last year. The firm attributed this to a 49% increase in circulation of its Anthropologie catalog, a hike in Anthropologie e-commerce sales and sales generated by the Urban Web site which launched in May 2000.
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