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.
January 8, 2014 |
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.
October 5, 2013 |
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.
March 12, 2013 |
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.
February 8, 2013 |
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.
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.
January 11, 2013 |
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.