Urban Outfitters news and archive

Urban Outfitters holiday sales increase by 5 percent

Urban Outfitters, Inc. said in a statement that total company net sales for the two months ended December 31, 2018, increased 5 percent over the same period last year, while comparable retail segment net sales increased 5 percent, driven by double-digit growth in the digital channel, partially offset by negative retail store sales. By brand,...

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Urban Outfitters Q3 revenues increase 9 percent

American clothing Urban Outfitters said on Monday its Q3 revenue for 2018 increased by 9 percent, while net income rose to 78 million US Dollars and earnings per diluted share were 0.70 cents from the same period last year. The company’s sales in Q3 2018 were 974 million US dollars, up from 893 million US dollars a year earlier. The profit...

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Urban Outfitters partners with Azadea Group to expand presence in the Middle East

Urban Outfitters through a partnership with lifestyle retail group Azadea will open doors to its first franchise store in Dubai next year. The plan is to expand the brand's footprint in the MENA region. Urban Outfitters Inc. operates a portfolio of global consumer brands comprised of Urban Outfitters, Anthropologie, BHLDN, Free People and...

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Urban Outfitters Q2 revenues increase 13.7 percent

American clothing Urban Outfitters said on Tuesday its Q2 revenue for 2018 rose by 13.7 percent. Profit rose by 86 percent from the same period last year. Hover over the graph to learn more. The company’s sales in Q2 2018 were 992 million US dollars, up from 872 million US dollars a year earlier. Net profit increased to 93 million US dollars....

Fashion

Ariana Grande releases limited edition clothing collection in honor of new album

Pop sensation Ariana Grande has launched a special clothing capsule to coincide with the release of her fourth album Sweetener. The limited edition merchandise includes T-shirts, hoodies and sweaters that are available in black, white and lavender. An extension of the new LP, the items feature its tracklist. Included in the six-piece collection...

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Urban Outfitters reports 12.4 percent rise in Q1 net sales

Urban Outfitters, Inc. reported net income of 41 million dollars against 12 million dollars and earnings per diluted share of 0.38 dollar compared to 0.1 dollar for the three months to April 30, 2018. Total company net sales for the period increased 12.4 percent over the same period last year to a record $856 million. “We are pleased to report...

Retail |INTERVIEW

Anthropologie launches first continental European store

In 1970 Dick Haynes, together with his roommate Scott Belair, opened their first store selling only second hand clothing, furniture, decor, and jewelry. The company, originally called ‘Free People’, grew steadily, eventually expanding into its sister brand Urban Outfitters. It was in the 1990s that Haynes realized his original dedicated...

Fashion Featured

Soviet trends in the global fashion industry

Nostalgic trends, originally created by designers in the USSR, are becoming increasingly popular in the global fashion industry. These soviet-style looks, while popular in the mass-market, are not always well received. A political scandal arose in Ukraine and Lithuania, for example, after Adidas released a collection of sportswear featuring USSR...

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Urban Outfitters Q1 profits rise 247.1 percent

American clothing Urban Outfitters said on Tuesday its Q1 net profit for 2018 increased. Revenues increased by 12.5 percent from the same period last year. The company’s net profit for Q1 2018 was 41.3 million US dollars, up from 11.9 million US dollars a year earlier. Revenues rose to 856 million US dollars. The profit margin of the company...

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Anthropologie Group CEO David McCreight resigns

Urban Outfitters, Inc. has announced that David McCreight, CEO Anthropologie Group and President, URBN will leave the company on April 27, 2018. The company added that going forward Hillary Super, Anthropologie Group President, apparel and accessories, which includes beauty and BHLDN, in partnership with Andrew Carnie, Anthropologie Group...

Management

Urban Outfitters full year net income decreases to 108 mn dollars

Urban Outfitters, Inc. announced net income of 1 million dollars and 108 million dollars for the three months and year ended January 31, 2018, respectively against 64 million dollars and 218 million dollars for the same periods last year. Earnings per diluted share were 0.01 dollar and 0.96 dollar for the three months and year ended January 31,...

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Urban Outfitters Q4 net sales up 5.7 percent

Urban Outfitters net sales for the fourth quarter of fiscal 2018 increased 5.7 percent over the same period last year to 1.09 billion dollars. The company said, comparable retail segment net sales increased 4 percent, driven by strong, double-digit growth in the direct-to-consumer channel, partially offset by negative retail store sales. For the...