Content about Urban Outfitters

February 11, 2014

Urban Outfitters reported substantial gains in net sales for the fourth quarter and fiscal year 2014, driven primarily by the company’s Anthropologie and Free People brands.

Urban Outfitters reported substantial gains in net sales for the fourth quarter and fiscal year 2014, driven primarily by the company’s Anthropologie and Free People brands.

Total company sales in the quarter increased 6% to $906 million from $856.8 million in the year-ago period — less than Wall Street expected.

January 31, 2014

Dennis Hernreich, EVP, COO and CFO of Destination XL Group, has resigned and board member John E. Kyees has been named interim CFO. In addition, the company has elected Will Mesdag, 60, to its board of directors.

Dennis Hernreich, EVP, COO and CFO of Destination XL Group, has resigned and board member John E. Kyees has been named interim CFO. In addition, the company has elected Will Mesdag, 60, to its board of directors.

Kyees, who has served on the Destination XL board of directors since 2010, was CFO of Urban Outfitters from 2003 until his retirement in 2010, and has served as a senior financial executive at several other prominent retailers. The company is conducting a search for a permanent CFO.

December 6, 2013

Chad Kessler was named chief merchandising and design officer at American Eagle Outfitters after the company reported a big decline in third-quarter profits and said it expects fourth quarter same-store sales to decline.

Chad Kessler was named chief merchandising and design officer at American Eagle Outfitters after the company reported a big decline in third-quarter profits and said it expects fourth quarter same-store sales to decline.

August 19, 2013

A favorable customer response to product offerings at Urban Outfitters contributed to the retailer’s net income of $76 million for the three months ended July 31.

PHILADELPHIA — A favorable customer response to product offerings at Urban Outfitters contributed to the retailer’s net income of $76 million for the three months ended July 31.

Total company net sales for the second quarter increased 12% to a record $759 million. Same-store sales, including the company’s direct-to-consumer channel, increased 9%.

Comparable retail segment net sales increased 38% at Free People, 9% at Anthropologie and 5% at Urban Outfitters. Wholesale segment net sales rose 17%.

June 17, 2013

Bowing to pressure from the Partnership at Drugfree.org, fashion retailer Urban Outfitters has agreed to pull merchandise made to look like prescription pull bottles, including prescription label flasks and pint and shot glasses, from its shelves.

NEW YORK — Bowing to pressure from the Partnership at Drugfree.org, fashion retailer Urban Outfitters has agreed to pull merchandise made to look like prescription pill bottles, including prescription label flasks and pint and shot glasses, from its shelves.  

March 12, 2013

Net income rose to $83 million at Urban Outfitters for its fourth quarter from $39.26 million in the year-ago period, on strong same-store sales and higher revenue.

PHILADELPHIA — Net income rose to $83 million at Urban Outfitters for its fourth quarter from $39.26 million in the year-ago period, on strong same-store sales and higher revenue.

Total company net sales for the quarter increased 17% to $857 million. Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 11% for the quarter, while comparable-store net sales were flat.

January 11, 2013

Urban Outfitters Inc. said its same-stores sales for the holiday season rose 9%, including its direct-to-consumer business. Excluding that unit, same-store sales fell 1%.

PHILADELPHIA — Urban Outfitters Inc. said its same-stores sales for the holiday season rose 9%, including its direct-to-consumer business. Excluding that unit, same-store sales fell 1%.

Total company net sales for November and December increased 15% to $666 million.

Among Urban Outfitters’ brands, comparable sales increased 33% at Free People, 10% at Urban Outfitters and 5% at Anthropologie. Direct-to-consumer net sales increased by 38% for the period and wholesale segment net sales increased 21%.

October 8, 2012

Urban Outfitters is entered into an exclusive deal with World Co. to bring its Free People brand to Japan.

PHILADELPHIA — Urban Outfitters is entered into an exclusive deal with World Co. to bring its Free People brand to Japan.

March 22, 2012

REI (Recreational Equipment Inc.) announced that retail and outdoor industry veteran Eric Artz will join the company as chief financial officer in May. Artz comes to REI from Urban Outfitters.

SEATTLE — REI (Recreational Equipment Inc.) announced that retail and outdoor industry veteran Eric Artz will join the company as chief financial officer in May. Artz comes to REI from Urban Outfitters.

March 13, 2012

Urban Outfitters saw profit for the fourth quarter fall to $39.3 million, from $75.2 million a year earlier. Sales rose 9% to $730.6 million, missing Wall Street’s expected $740 million in revenue.

PHILADELPHIA — Urban Outfitters saw profit for the fourth quarter fall to $39.3 million, from $75.2 million a year earlier. Sales rose 9% to $730.6 million, missing Wall Street’s expected $740 million in revenue.

The operator of Anthropologie, Free People and Urban Outfitters stores said heavy discounting over the holidays took a big toll on margins; in fact, margins have declined for at least five quarters as the retailer has made major markdowns to clear out slow-moving merchandise.

February 9, 2012

Urban Outfitters' performance in the fourth quarter indicate that while consumers may still enjoy its trendy products, they aren't going to its stores to get them.

PHILADELPHIA — Urban Outfitters' performance in the fourth quarter indicate that while consumers may still enjoy its trendy products, they aren't going to its stores to get them.

The company reported that comparable-store net sales decreased 1% for the quarter. However, direct-to-consumer comparable-net sales increased 14%. Combined combarable-retail-segment net sales increased 2% for the quarter. Total sales for the quarter rose 9% to $731 million.

For the year ended Jan. 31, total net sales increased to $2.5 billion.

February 6, 2012

Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand.

PHILADELPHIA — Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand. The company named Tedford Marlow as head of the Urban Outfitters Group, effective Feb. 6. Marlow had retired from the chain in 2010, after spending nine years as president of the Urban Outfitters brand.

The announcement came almost a month after Richard Hayne, the company's chairman and president, succeeded CEO Glen Senk, who resigned. Hayne co-founded the company in 1970.

January 11, 2012

Urban Outfitters announced Tuesday that Glen T. Senk has resigned as CEO, effective Jan. 9. The company named chairman and co-founder Richard Hayne as his replacement.

PHILADELPHIA — Urban Outfitters announced Tuesday that Glen T. Senk has resigned as CEO, effective Jan. 9. The company named chairman and co-founder Richard Hayne as his replacement.

Senk, 55, joined the company in 1994 as president of Anthropologie. He became a director in 2004 and CEO in 2007. Senk indicated that he plans to pursue another opportunity, but that he will remain with the company for a period of time to assist management with the transition. He has also resigned from the board of directors.

January 11, 2012

Urban Outfitters announced Tuesday that Glen T. Senk has resigned as CEO, effective Jan. 9. The company named chairman and co-founder Richard Hayne as his replacement.

PHILADELPHIA — Urban Outfitters announced Tuesday that Glen T. Senk has resigned as CEO, effective Jan. 9. The company named chairman and co-founder Richard Hayne as his replacement.

Senk, 55, joined the company in 1994 as president of Anthropologie. He became a director in 2004 and CEO in 2007. Senk indicated that he plans to pursue another opportunity, but that he will remain with the company for a period of time to assist management with the transition. He has also resigned from the board of directors.

November 8, 2011

Urban Outfitters Monday announced leadership changes at Anthropologie, Terrain and Urban Outfitters.

PHILADELPHIA — Urban Outfitters Monday announced leadership changes at Anthropologie, Terrain and Urban Outfitters.

David McCreight has been appointed CEO Anthropologie Group, effective Nov. 15. In this new role, McCreight will be responsible for Anthropologie North America, Anthropologie Europe and BHLDN.

October 19, 2011

Needle announced that Urban Outfitters will use Needle’s Guided Shopping Platform to serve its customers with a personalized online shopping experience.

SALT LAKE CITY — Needle announced that Urban Outfitters will use Needle’s Guided Shopping Platform to serve its customers with a personalized online shopping experience. The platform provides a rich chat toolset for agents to assist online shoppers to make a purchase decision including the ability to interactively demonstrate features of products, cross-sell and up-sell with an outfit builder and cart builder, and create social coupons to share with friends via Facebook.

August 16, 2011

Urban Outfitters, which caters to a clientele with a unique and forward-looking approach to fashion and lifestyle merchandise, missed the mark during the second quarter, reporting a 21% profit decline and a same-store sales slip of 2%.

PHILADELPHIA — Urban Outfitters, which caters to a clientele with a unique and forward-looking approach to fashion and lifestyle merchandise, missed the mark during the second quarter, reporting a 21% profit decline and a same-store sales slip of 2%.

The company reported that earnings for the quarter were $56.7 million compared $71.7 million a year earlier. The company blamed increased expenses related to investments in e-commerce, retail catalogs and technology for the performance slip.

May 16, 2011

PHILADELPHIA — Urban Outfitters announced net income of $39 million, or earnings per diluted share of 23 cents for the first quarter ended April 30, compared with net income of $53 million, or earnings per diluted share of 31 cents.

Total company net sales rose by 9% over the same quarter last year to $524 million. Comparable retail segment net sales, which includes direct-to-consumer channels, decreased 1% for the quarter while comparable store net sales decreased 5% for the quarter. 

April 28, 2011

Urban Outfitters announced that its Leifsdottir brand will now be sold exclusively at Anthropologie stores and through its direct-to-consumer business, and will no longer be available for wholesale distribution with the conclusion of spring deliveries.

PHILADELPHIA -- Urban Outfitters announced that its Leifsdottir brand will now be sold exclusively at Anthropologie stores and through its direct-to-consumer business, and will no longer be available for wholesale distribution with the conclusion of spring deliveries. Johanna Uurasjarvi, creative director Leifsdottir, will return to the Anthropologie brand as executive creative director Anthropologie product design.

April 15, 2011

Urban Outfitters said that Stephen Murray has resigned as global president of the Urban Outfitters brand.

PHILADELPHIA -- Urban Outfitters said that Stephen Murray has resigned as global president of the Urban Outfitters brand.

The company said Murray plans to return to London and "pursue an opportunity with a wholesale business having an international focus."

Urban Outfitters CEO Glen Senk will take on Murray's duties until a replacement is found, the company said.

March 8, 2011

Urban Outfitters reported Monday that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period.

PHILADELPHIA -- Urban Outfitters reported Monday that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period.

For the full year, profit rose to $273 million from $220 million a year earlier.

Fourth-quarter net sales rose 14% to $668 million. Same-store sales for the quarter increased 4%. By brand, same-store sales rose 1% at Anthropologie, 28% at Free People and 5% for Urban Outfitters.

June 1, 2010

Urban Outfitters has announced the appointment of Oona McCullough as director of investor relations ......