April 29, 2015 |
At a packed meeting Monday night, Devon residents showed a mix of excitement and concern about plans for Devon Yard, the long-stalled proposed Urban Outfitters development in Chester County. At the Easttown Township Planning Commission meeting, David Ziel, Urban Outfitters' chief development officer, announced a partnership between Urban and the Philadelphia restaurateur Marc Vetri. Devon Yard would host two Vetri restaurants, along with a cafe affiliated with Urban's Terrain brand.
February 18, 2015 |
Urban Outfitters , the South Philly-based group of store chains that mostly sells women's apparel, said Monday it will use the one million-square-foot, 500-worker warehouse it has been building over the last year near Gap, Lancaster County, to replace its 10-year-old "Ecommerce Fulfillment Center" in Trenton, S.C. Urban Outfitters opened the Southern distribution center and moved 200 jobs there from the Philadelphia area 10 years ago. The...
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.
May 25, 2014 |
With the flagship listing, it is all hands on deck over at Urban Outfitters Inc. Even the boss' wife has joined the bucket brigade. How bad are things? Well, the iconic purveyor of hip just completed its fifth straight quarter of slipping sales. For the record, that's Urban Outfitters, the brand. The overarching company of the same name - No. 20 on the Philly50 - saw sales up, thanks to Anthropologie and Free People, the firm's other major brands. Still, that success hardly ameliorates the disappointment in the missteps of the company's firstborn.
May 22, 2014 |
Urban Outfitters Inc. continues to struggle to right its signature brand, whose poor first-quarter performance held back the company's broader success. Sales for the brand, Urban Outfitters, fell 5.2 percent from the same quarter in 2013, to $277.7 million. "Lower merchandise margins at the Urban Outfitters brand resulting from poor-performing product contributed to the decline," the company said. Urban was eclipsed in total sales by stablemate Anthropologie Group. Anthropologie, which targets women 28 to 45 years of age with a mix of casual wear, home furnishings, and gifts, reported a 10.3 percent increase in sales to $295.8 million.
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.
November 5, 2013 |
They are rising in farm country west of King of Prussia like giant garrisons positioned to deploy packages to shoppers up and down the Atlantic Coast: automated warehouses of herculean proportions aimed at moving online orders to people's doorsteps in just hours. Philadelphia's Urban Outfitters Inc. is among a rush of titanic store-based retailers spending staggering sums to open online fulfillment centers closer than ever to customers, in a red-hot patch of Pennsylvania along the state's toll-free I-81 spine.
October 9, 2013 |
Urban Outfitters, the iconic purveyor of hip clothing and housewares, doubled down on the city and state Monday, announcing that it was expanding its Philadelphia headquarters and adding a distribution center in Lancaster County. The expansion will ultimately mean an additional 2,000 jobs in the city and 500 in Gap, according to Richard Hayne, Urban Outfitters' founder and chief executive officer, who spoke at a news conference at the Marriott Hotel in Center City. The firm said it was investing $210 million in the projects, which include refurbishing a 250,000-square-foot structure at the Navy Yard and constructing a 1.2 million-square-foot distribution center in Salisbury Township, Lancaster County.
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.
September 23, 2013 |
From the time he opened his first retail shop - Free People, filled with secondhand and vintage clothes, scented candles, and inexpensive jewelry - more than 40 years ago, Richard Hayne has cut across the grain. That first "hippie store" just outside the University of Pennsylvania campus morphed into Urban Outfitters, the store, soon the chain, and finally the empire, with a collection of brands - Urban Outfitters, Anthropologie, Free People, Terrain, and BHLDN. It left Hayne a very wealthy man, and one not shy to preach, in his own fashion, the gospel of entrepreneurship.