June 13, 2016 |
Urban Outfitters Inc. marches to the beat of its own drum - and that's not changing anytime soon. While online shopping is forcing brick-and-mortar establishments to close, Urban is expanding to make room for a pizza restaurant. While chains such as Target are moving to smaller, flexible "Express" stores, the Urban brand Anthropologie is doubling in size. And while most retailers prefer having their stores spread out to attract the most customers, Urban is clustering four of its biggest brands at King of Prussia Mall.
May 20, 2016 |
In another move to boost its lower performing brands, Urban Outfitters Inc. on Wednesday announced plans to roll out larger Anthropologie stores during a first-quarter earnings call in which the company reported record sales. Despite growing competition, total net sales for the Philadelphia-based company for the first quarter of fiscal 2017 rose 3 percent over the same quarter last year to a narrow record $763 million. Encouraged by the first-quarter numbers and improving profit margins, management said the company was moving in the right direction and adjusting to a consumer who wants more variety and offerings - bigger everything.
April 21, 2016 |
In what will be its largest brand clustering anywhere, Philadelphia-based Urban Outfitters Inc. will offer four of its brands next to each other on the same level at the King of Prussia Mall. Its newly leased 40,000-square-foot space is in the mall's Pavilion just across from the namesake Urban Outfitters, and will soon be home to Free People and Anthropologie stores. Meanwhile, a wall inside Urban Outfitters will be knocked down to make room for the company's fourth and newest brand: Pizzeria Vetri, which it acquired in November.
March 14, 2016
View it as window dressing at its finest. Window displays have been around forever as an early form of "experiential retail. " But in an era when a mouse click seals a sale in seconds, brick and mortar stores have to stand out . Free People, a women's boutique store with eye-grabbing window displays at 1625 Walnut St. in Center City, seems to have mastered the technique. Curbside, viewing the store's spring display is like looking at a painting. Textiles, metals and tissue paper are intricately shaped into leaves that dangle from string to create the look and mood of spring to match the new inventory.
January 11, 2016
Perhaps no one is more surprised that Barbara Gettes is building a business than Gettes herself. "I was supposed to teach," the 38-year-old Germantown resident said of the plan she had while attending Keene State College in New Hampshire, from which she graduated in 2000. But a less-than-stellar academic performance led her to the road, instead. She toured throughout the United States and Russia with a folk band, the Spinning Leaves, that went on to release three albums. Then came travel fatigue and a need "to ground myself," Gettes said.
June 10, 2015 |
WHEN America's sweetest heart and most mega of chart-toppers hits town this weekend, she won't need to ask for directions. Wyomissing native Taylor Swift spent the greater part of her 25 years a hop and a skip from Philly. As a girl, the future singer-songwriter and her family spent summers down the Shore in Stone Harbor. At age 11, she sang the national anthem at a Sixers game. Later, Swift won multiple Grammys; beat out Beyonce for a bunch of awards (sorry, Kanye )
October 19, 2014 |
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.
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.
January 11, 2014 |
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.
January 9, 2014 |
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.