Urban Outfitters sees sales rise

US-based retailer Urban Outfitters posted a rise in its first-quarter revenue that beat market estimates last night, helped by higher sales at its direct-to-consumer and wholesale segments. Shares of the operator of Urban Outfitters, Anthropologie, Free People and Terrain stores rose three per cent in after-hours trading. The company posted net income of $39m (£24m), compared with $53m a year ago. Revenue for the first-quarter rose nine per cent to $524m.

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