CollectionsUrban Outfitters
IN THE NEWS

Urban Outfitters

FEATURED ARTICLES
BUSINESS
March 23, 1994 | By Susan Warner, INQUIRER STAFF WRITER
Urban Outfitters, the Philadelphia clothing and home-design retailer, yesterday reported its first year-end results since it became a public company in November. Chairman Richard Hayne said sales at new stores contributed $3 million to sales gains in the quarter and $11.3 million for the year. The company's merchandise wholesale division contributed $278,000 in the quarter and $5.5 million for the year. Hayne said that while the company expected continued profit and sales growth, it was unlikely to be in the 13 percent to 20 percent range of the last two years.
NEWS
March 13, 2012 | By Maria Panaritis, INQUIRER STAFF WRITER
It was back to the future at Urban Outfitters Inc. on Monday, as founder Richard A. Hayne, chief executive since his predecessor CEO's surprise departure in January, lauded a management team that included another recently returned veteran, Ted Marlow, and pledged to return the retailer to a brighter future. "I have complete confidence in the executive team that's assembled around the table here in Philadelphia," Hayne, whose company has headquarters at the Philadelphia Navy Yard, told investment analysts during his first earnings call as CEO since protege and 18-year veteran Glen T. Senk resigned, rattling markets two months ago. The company reported thinning profits on $2.5 billion in global sales for the year that ended Jan. 31, capping a yearlong odyssey of fashion mistakes at Anthropologie and its namesake Urban Outfitters division that led to costly discounting at both chains.
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
August 26, 2011
Urban Outfitters Inc. said its board approved the repurchase of an additional 10 million shares of the Philadelphia company's common stock. The company said it had completed the buyback of a separate 10 million shares that was authorized last November. As of early June, the retailer had 160 million shares outstanding. The stock closed Friday at $24.77, up 56 cents but down from a high this year of $38.50 in early March. Urban operates stores that sell apparel, accessories and housewares.
BUSINESS
March 15, 2002 | By Jane M. Von Bergen INQUIRER STAFF WRITER
Stock analyst Christina de Marval can crunch Urban Outfitters' financial numbers with the best of them, but she doesn't need her calculator to understand why the Philadelphia retailing company recorded a remarkable fourth-quarter performance. "I bought a sweater and a stuffed cow that stands up on its own," the analyst said. "I thought it was adorable. " Urban Outfitters, which operates 49 Urban Outfitters and 32 Anthropologie stores, reported yesterday that fourth-quarter net income increased by 71 percent.
NEWS
May 28, 2011 | By Nancy Phillips, INQUIRER STAFF WRITER
Urban Outfitters has strongly denied allegations, fueled by a Twitter frenzy, that it stole a necklace design from a jewelry artist in Chicago. In a statement issued Saturday, the Philadelphia-based fashion-and-accessories company said it "unequivocally" did not copy the work of jewelry designer Stevie Koerner. Koerner took to her Twitter account midweek to accuse the chain of illegally copying her work. The jewelry designer, who makes silver necklaces in the shape of American states with hearts punched through them, posted pictures of her necklaces alongside photos of strikingly similar ones sold by Urban Outfitters.
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.
BUSINESS
December 16, 2012 | By Maria Panaritis, Inquirer Staff Writer
  The U.S. Labor Department has sanctioned several Los Angeles garment contractors for sweatshop conditions while making wares for Urban Outfitters Inc., Burlington Coat Factory Warehouse Corp., Forever 21 Inc., the company that owns T.J. Maxx and Marshall's (TJX Cos Inc.), and others. In a sweep of a single building in the city's fashion district, Wage and Hour Division investigators found 10 garment contractors had violated minimum wage, overtime and record-keeping laws, such as paying workers less than the federal hourly minimum wage of $7.25, and California's $8 minimum wage, the agency said.
1 | 2 | 3 | 4 | 5 | Next »
ARTICLES BY DATE
BUSINESS
August 19, 2016 | By Suzette Parmley, Staff Writer
Shares of Philadelphia's Urban Outfitters shot up Wednesday after the firm, citing strong inventory management, posted strong second-quarter earnings. The company behind the brands Urban Outfitters, Free People, and Anthropologie, among others, topped Wall Street analysts' estimates for second-quarter sales and profit. Urban Outfitters Inc. posted second-quarter profit of 66 cents a share, compared with an estimate of 55 cents. Its revenue was $890.6 million, exceeding Wall Street's $885.6 million projection.
BUSINESS
June 13, 2016 | By Suzette Parmley, Staff Writer
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.
BUSINESS
May 20, 2016 | By Suzette Parmley, Staff Writer
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.
BUSINESS
April 21, 2016 | By Suzette Parmley, Staff Writer
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.
NEWS
April 17, 2016
On April 9, ACHIEVEability hosted Food for Thought at Urban Outfitters at the Navy Yard. The event, attended by 600 supporters, including Mayor Kenney, celebrated the organization's 35 years of breaking the generational cycle of poverty. The crowd enjoyed drinks, dancing, and sampling dishes from more than 25 local restaurants. ACHIEVEability is a member of the Mission First Housing Group, a nonprofit organization that assists low-income, single-parent, and homeless Philadelphia families to become self-sufficient.
BUSINESS
March 12, 2016 | By Jonathan Takiff, Staff Writer
You might be tickled to learn that Philly-based Urban Outfitters will showcase a "Make Your Own Vinyl Record" station in its pop-up concept store Space24Twenty previewing next week at the South by Southwest music, film and interactive conference in Austin, Texas. But don't hold your breath waiting for this DIY music concept to go nationwide, warned Urban's marketing partners at the retro turntable company Crosley Radio. When the story of vinyl records' surprising resurgence is told, Urban Outfitters will loom large.
NEWS
October 30, 2015 | By Ronnie Polaneczky, Daily News Columnist
WELL, THAT was fast! Yesterday I wrote about an "on-call" scheduling practice at Urban Outfitters that's unbelievably abusive to its lowest-wage workers. Within hours of the column hitting print, Urban announced it was killing the practice for good. Coincidence? You decide. Here's yesterday's statement from the Philly-based billion-dollar retailer, which also owns the brands Anthropologie, Free People, Terrain and Bhldn. "We are always looking for ways to improve, and as such we have decided to end on-call scheduling for all [Urban]
NEWS
October 29, 2015 | By Ronnie Polaneczky, Daily News Columnist
URBAN Outfitters, you're breaking my heart. I'd loved you since I discovered your lone West Philly shop when I was in college. You'd just changed your name from the Free People Store, and your countercultural merchandise spoke to my giddy dreams of a boho life. I was smitten the day I bought an Indian-print cotton bedspread from you to sew into curtains for my first-ever single-girl apartment. "Where'd you get them?" friends would ask, eyeing my handiwork. "Urban," I'd say, knowing the word had become code for "I may be broke, but at least I'm hip. " God, I was young.
BUSINESS
July 13, 2015 | By Jacob Adelman, Inquirer Staff Writer
When computer engineer Jim Nasto started working at the Philadelphia Navy Yard about a decade ago, the 1,200-acre property was a virtual desert of vacant industrial buildings and abandoned parade grounds. Many of those buildings now make up Urban Outfitters' headquarters, while the vast open spaces are being shaped into office parks inhabited by such corporations as GlaxoSmithKline. "I love it," said Nasto, 29, a research contractor for the U.S. Navy, as he tossed a bocce ball in a landscaped park that opened last month.
NEWS
April 29, 2015 | By Justine McDaniel, Inquirer Staff Writer
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.
1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|