Urban Outfitters news and archive

URBN joins US Cotton Trust Protocol to progress responsible sourcing objectives

URBN, the parent company of fashion brands like Urban Outfitters, Anthropologie, and Free People, has become a member of the US Cotton Trust Protocol. The latest brand and retailer to join the program, the move sees URBN strengthen its commitment to responsible sourcing and cotton production. URBN’s membership with the US Cotton Trust Protocol...

Retail

Hanes launches heritage inspired capsule collection with Urban Outfitters

Apparel manufacturer HanesBrands has partnered with lifestyle and youth retailer Urban Outfitters to launch an exclusive capsule collection that leverages Hanes almost 125-year legacy. The Hanes Heritage x Urban Outfitters capsule collection includes 29 pieces of innerwear and loungewear for men and women that mix iconic styles from Hanes over...

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Urban Outfitters Q4 earnings surge, driven by Nuuly's growth

Urban Outfitters reported strong fourth-quarter earnings, with net income rising to 98.1 million dollars from the same period of 2024. Earnings per diluted share increased to 1.04 dollars, reflecting a robust performance across multiple segments. Total net sales for the quarter grew by 10.1 percent to 1.64 billion dollars, with retail segment...

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Business

Urban Outfitters holiday sales increase by 10 percent

Urban Outfitters net sales for the two and eleven months increased by 10 percent and 7 percent, respectively. After the company reported positive set of results, Jefferies analyst Corey Tarlowe increased the company's share price target, from 36 dollars to 40 dollars while maintaining an Underperform rating on the stock. According to a...

Retail

Urban Outfitters and Gymshark among retailers accused of hiring festive workers without basic rights

A new report has accused a number of UK retailers of hiring young “freelance” employees via hiring apps that leave them without basic employment rights. According to The Observer, Urban Outfitters, Gymshark and Uniqlo are understood to be among those carrying out such practices as they fill out staff in preparation for the festive season. Such...

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Urban Outfitters registers strong growth in Q3 sales and earnings

Urban Outfitters announced third quarter net income of 102.9 million dollars and earnings per diluted share of 1.10 dollars. For the nine months, net income was 282.2 million dollars and earnings per diluted share were 2.99 dollars. The company’s net sales for the quarter increased 6.3 percent to 1.36 billion dollars. “We are pleased to announce...

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Fashion

Watch: From hero gnomes to stylish goats, all the festive fashion films to know for 2024

It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...

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Urban Outfitters: Disappointing results lead to share price drop

Urban Outfitters Inc.'s latest quarterly financial results have sparked a negative reaction from investors, leading to a significant drop in its share price. The group, owner of popular brands Anthropologie and Free People, reported its Q2 performance last week that fell short of market expectations. Urban Outfitters Inc.'s share price fell...

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Urban Outfitters posts Q2 sales and profit growth

Urban Outfitters' net income increased to 117.5 million dollars and earnings per diluted share to 1.24 dollars for the second quarter. Net sales for the quarter increased 6.3 percent to 1.35 billion dollars with retail segment net sales increase of 3.1 percent and comparable retail segment net sales increasing 2 percent. The company’s net income...

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Urban Outfitters Q1 comparable sales up 4.6 percent

Urban Outfitters reported first quarter net income of 61.8 million dollars and earnings per diluted share of 65 cents, while adjusted net income was 65.5 million dollars and adjusted earnings per diluted share were 69 cents. Net sales for the quarter increased 7.8 percent to 1.20 billion dollars with retail segment net sales increase of 5.8...

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Anthropologie, Free People brands drive Q4 growth at Urban Outfitters

Urban Outfitters announced net income of 47.8 million dollars and earnings per diluted share of 50 cents for the fourth quarter. The company said in a release that adjusted net income reached 65.7 million dollars and adjusted earnings per diluted share were 69 cents for the quarter under review. Total net sales for the fourth quarter increased...

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URBN opens $60 million fulfillment center in Missouri for rental brand Nuuly

Urban Outfitters, Inc. (URBN), parent company of Urban Outfitters, Anthropologie, and Free People, opened a sprawling 600,000-square-foot fulfillment center for Nuuly, the company's women's clothing rental brand, in Raymore, Missouri. The opening marks the second fulfillment and laundry center opened to serve Nuuly, with URBN investing 60...