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Anthropologie

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BUSINESS
January 9, 2014 | By Maria Panaritis, Inquirer Staff Writer
If the ornate Rittenhouse Square townhouse at 1801 Walnut St. now on the market for an estimated $35 million sells this year, longtime tenant Anthropologie apparently will not leave. The women's apparel and accessories retailer has negotiated a lease extension, according to an official with Philadelphia-based Urban Outfitters Inc., which counts Anthropologie among its brands. The retailer had been paying rent far below prevailing rates for the prime Center City neighborhood and had been under pressure to relocate or agree to new terms at loftier prices.
BUSINESS
November 15, 2011 | By Maria Panaritis, Inquirer Staff Writer
Dragged down by poor sales at its Anthropologie division, Urban Outfitters Inc. on Monday reported a drop in profitability for the quarter that ended Oct. 31, despite overall record sales. The Philadelphia retailer posted net income of $50.7 million, or 8.3 percent of $610 million in net sales - a decline from the same period a year ago, when it earned $73.1 million on $573.6 million in sales. That equals net income of 33 cents per share, compared with 43 cents a year ago. Investment analysts plied executives with questions about the outlook at Anthropologie, despite having been braced for Monday's news.
BUSINESS
August 17, 2011 | By Maria Panaritis, Inquirer Staff Writer
  The company is profitable, opening dozens of stores and expanding its Philadelphia headquarters. But when Urban Outfitters Inc. chief executive Glen T. Senk spoke with caution about one of its most popular chains, investment analysts pressed for answers. "I'm a little concerned about the last 10 days or so in Anthropologie," Senk said in an earnings call after markets closed Monday, "and I'm not sure how much of that has to do with what went on in Washington or Wall Street, and how much of it, quite frankly, may have to do with something else.
LIVING
September 10, 2004 | By Elizabeth Wellington INQUIRER FASHION WRITER
Lights flicker inside a Bryant Park tent seconds before designer Tracy Reese's spring 2005 show begins. Dina Grossman takes out her pen. The first model stalks down the stark-white runway, flaunting a melon lace jacket and knee-length pouf skirt. Grossman scribbles on her program. The next model shows a peach camisole over a pair of bone snakeskin pants. Grossman nods her head. A few outfits later, a model in a lacy strapless chartreuse dress floats down the runway. Grossman's initial response is "Ooh!"
BUSINESS
November 8, 1992 | By Susan Warner, INQUIRER STAFF WRITER
Urban Outfitters finally has crossed the line. The city-slick emporium for the hip, founded in West Philadelphia more than 20 years ago, has grown into a national retail chain with all its stores fortressed within city limits. But now, Urban Outfitters is moving into the suburbs. On Lancaster Avenue in Wayne, at the heart of Philadelphia's quintessentially suburban Main Line, Urban Outfitters is opening a store called Anthropologie. The store is aimed at homeowning suburbanites verging on middle age who have outgrown Urban Outfitters.
NEWS
November 8, 2011 | By Maria Panaritis, INQUIRER STAFF WRITER
With sales at Anthropologie stores continuing to struggle, officials at Urban Outfitters Inc. created a chief executive position for the brand and reshuffled other staff to shore up fashions and fortunes at the women's apparel stores. The move, making waves among investors Tuesday, coincided with the release of a report Monday that showed sales declined 7 percent at Anthropologie for the three-month period that ended October 31. Slow sales at Anthropologie, attributed to fashions that have not caught on enough with the chain's well-heeled female customers, have vexed chief executive Glen T. Senk for months.
BUSINESS
March 12, 2013 | By Reid Kanaley, Inquirer Staff Writer
Urban Outfitters Inc., the Philadelphia retailer, said net income for the quarter ended Jan. 31 more than doubled from the same period a year earlier - to $82.5 million, or 56 cents per share. Combined sales at the company's stores - Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters - was up 17 percent, to $856.8 million for the quarter, compared to $730.6 million in the prior-year quarter. While sales at stores open at least a year were flat, the company said comparable sales including online operations increased 11 percent.
NEWS
April 25, 2008 | By Joy Deangdeelert Cho, For the Inquirer
Today is Arbor Day, a perfect time to enjoy trees - even in their decorative varieties. For the ultimate in doggie domiciles, Scottie's Canine Fine Art Caves' Browning Passage model ($5,900) offers a rootlike entrance. Available at www.poochonline.com . Lorena Siminovich's Fruit Tree Collage ($108) sweetens the look of any wall. Available at local Anthropologie stores and www.anthropologie.com . The Million Rings Floor Mirror ($348) is sandblasted and hand-nailed, so each one has a unique character.
NEWS
January 10, 2012 | By Maria Panaritis, INQUIRER STAFF WRITER
Glen T. Senk, chief executive officer of Urban Outfitters Inc., has been replaced at the helm of the Philadelphia-based retail corporation by its founder, Richard A. Hayne, and has resigned from the board of directors as well, the company announced today. Senk, 55, who joined the company in 1994 as president of Anthropologie and had been groomed to become the company's first chief executive several years ago, departs as the global retailer has struggled for months to recover from bad performance at its Anthropologie division and after Senk recently approved a management shake-up affecting several brands.
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BUSINESS
October 19, 2014 | By Linda Loyd, Inquirer Staff Writer
Urban Outfitters Inc. shares fell as much as 15 percent Friday after the apparel retailer warned investors that third-quarter earnings would be hurt by declining sales. The stock fell to its lowest since July 2012, closing down $4.94, or 14.29 percent, to $29.62. The Philadelphia-based owner of Anthropologie, Free People, and Urban Outfitters stores said in early September that quarterly comparable sales had declined. The sales slump has continued, and the company said in an update Thursday after the market closed that because of lower than expected sales, "its gross profit margin may deleverage for the third quarter at a rate greater than during the first half of the year.
BUSINESS
July 22, 2014
Emtec , a Radnor technology company, named Bart HJ De Maertelaere chief information officer. He has served as managing director, infrastructure and managed services, with a focus on BSM, ITSM, and cloud service management, since May 2013. SCA , a global hygiene and forest products company with Americas headquarters in Philadelphia, promoted Charity Hughes to vice president, human resources-North America, from human resources director-North America. Arkieva , a Wilmington software developer for global manufacturing supply chains, promoted Garry Morton to director of sales, from sales account manager.
BUSINESS
January 11, 2014 | By Maria Panaritis, Inquirer Staff Writer
Urban Outfitters Inc. is hurtling toward $3 billion in annual revenues as the fast-growing Philadelphia retailer posted record sales over the holidays, despite continued difficulties at its namesake brand, according to financial disclosures Thursday. Net sales increased 8 percent to $716 million in November and December compared with the same period a year earlier, said the company, whose popular brands include Anthropologie, Free People, Terrain, BHLDN, and Urban Outfitters. Comparable Internet, catalog and store sales, however, which measure the health of a retailer by cutting out new-store numbers, were up only 3 percent, the result partly of a 6 percent drop in revenue at the namesake brand, which has been struggling for some time against stronger performance by its sister brands.
BUSINESS
January 9, 2014 | By Maria Panaritis, Inquirer Staff Writer
If the ornate Rittenhouse Square townhouse at 1801 Walnut St. now on the market for an estimated $35 million sells this year, longtime tenant Anthropologie apparently will not leave. The women's apparel and accessories retailer has negotiated a lease extension, according to an official with Philadelphia-based Urban Outfitters Inc., which counts Anthropologie among its brands. The retailer had been paying rent far below prevailing rates for the prime Center City neighborhood and had been under pressure to relocate or agree to new terms at loftier prices.
BUSINESS
January 8, 2014 | By Maria Panaritis, Inquirer Staff Writer
This story was updated at 8:30 a.m. Tuesday. The historic townhouse that houses the retailer Anthropologie at 18th and Walnut Streets is for sale and possibly weeks away from settling for around $35 million, which would deliver a staggering profit to Robert Ambrosi and the partners with whom he bought the marquee property for $1 million in 1995. The asking price for the four-story, 23,600-square-foot house, built in 1898, was about $40 million when it hit the market late this summer.
NEWS
October 5, 2013 | By Tricia L. Nadolny, Inquirer Staff Writer
DEVON The president of the Devon Horse Show and his business partner want to build a hotel and retail center beside the fairgrounds property, a project that could offer Devon its first taste of a town center. Wade McDevitt and partner Eli Kahn presented preliminary plans Tuesday to Easttown Township officials. They said Urban Outfitters has expressed interest in developing a 93-room boutique hotel and 100,000-square-foot retail center there, including an Anthropologie store and two restaurants.
BUSINESS
March 12, 2013 | By Reid Kanaley, Inquirer Staff Writer
Urban Outfitters Inc., the Philadelphia retailer, said net income for the quarter ended Jan. 31 more than doubled from the same period a year earlier - to $82.5 million, or 56 cents per share. Combined sales at the company's stores - Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters - was up 17 percent, to $856.8 million for the quarter, compared to $730.6 million in the prior-year quarter. While sales at stores open at least a year were flat, the company said comparable sales including online operations increased 11 percent.
BUSINESS
February 8, 2013 | Breaking News Desk and AP
Philadelphia-based Urban Outfitters said this morning that fiscal fourth-quarter revenue rose 15 percent to $856.8 million, beating analysts' estimates. Analysts surveyed by FactSet expected revenue of $836.6 million. CEO Richard Hayne said in a statement that the quarterly performance was helped by new stores, better products and more effective marketing across its brands. The Philadelphia company, whose brands also include Anthropologie, BHLDN, Free People, and Terrain, said revenue from stores open at least a year was flat.
NEWS
February 7, 2013
S UJI MESWANI, 43, and her husband, graphic designer Geoff Weiser, 42, of Fairmount, own Skeem Design, a candle company they launched in 2004. Meswani, a Drexel grad and former retail buyer for Anthropologie, handles the business end. Q: How did you come up with the idea for Skeem? A: I grew up in a family of entrepreneurs, so I knew I wanted to work for myself. My last job was at Anthropologie, developing product, and I knew I could be doing that for myself. I'm married to a brilliant designer, so it was perfect for us to get together on this.
BUSINESS
January 11, 2013 | Breaking News Desk
Philadelphia-based Urban Outfitters reported this morning that it had record sales for the 2012 holiday season. The retailer - which owns Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands - said in a press release that total sales tallied $666 million for November and December. That reflects a 15 percent increase over the same period in 2011, the company said. "We are pleased to announce a 15 percent increase in our Holiday sales, driven by strength in all brands," CEO Richard A. Hayne said in the release.
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