August 19, 2016 |
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.
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.
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.
March 12, 2016 |
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.
October 30, 2015 |
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]
October 29, 2015 |
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.
July 13, 2015 |
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.
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.