Urban Outfitters news and archive

Urban Outfitters Q1 comparable sales increase by 5 percent

Urban Outfitters, Inc. announced net income of 53 million dollars and earnings per diluted share of 56 cents for the first quarter. The company said in a statement that net sales for the period increased 5.9 percent to 1.11 billion dollars. Retail segment net sales increased 4 percent, with comparable retail segment net sales increasing 5...

Retail

Tom Ford and URBN among retailers adding Clearpay’s pay-in-4 service to stores

A number of fashion and beauty retailers are expanding their in-store flexible payment services with Clearpay as customer demand for buy-now-pay-later features continues to rise. According to Clearpay, Tom Ford, MAC, Jo Malone, Cosmetic Company Stores, Le Labo, Too Faced and URBN, the owner of Urban Outfitters and Free People, have expanded...

BusinessFeatured

Urban Outfitters reports Q4 sales increase, earnings drop

Urban Outfitters, Inc. reported net income of 31.5 million dollars and earnings per diluted share of 34 cents for the fourth quarter. For the year ended January 31, 2023, net income was 159.7 million dollars and earnings per diluted share were 1.70 dollars. Total net sales for the quarter increased 3.9 percent to 1.38 billion dollars, while...

Business

URBN opens new fulfillment center in Missouri

Urban Outfitters (URBN), the parent company of brands like Urban Outfitters, Anthropologie, Free People, and Nuuly, announces the opening of a new fulfillment center at the Raymore Commerce Center in Missouri. The new facility plays a crucial role in the company’s operations, the company said. The 604,000 square feet center will handle the...

BusinessFeatured

Urban Outfitters holiday sales increase 2.3 percent

Urban Outfitters, Inc. net sales for the two months ended December 31, 2022 increased 2.3 percent compared to the same period ended December 31, 2021. Total retail segment net sales increased 1 percent, with comparable retail segment net sales increasing 2 percent, partially offset by a 1 percent negative impact of foreign currency translation....

Business

President of Urban Outfitters Group steps down

Francis Pierrel, president, Urban Outfitters Group, has stepped down, the retail company has announced in a regulatory filing. The Philadelphia-based firm said in the statement: “We appreciate the contributions he made during his tenure and wish him well in his future endeavours.” Pierrel joined the retailer in February, taking on the task of...

Business

Urban Outfitters Q3 comparable sales increase

Urban Outfitters, Inc. reported net income of 37.2 million dollars and earnings per diluted share of 40 cents for the three months ended October 31, 2022. For the nine month period, the company’s net income was 128.2 million dollars and earnings per diluted share were 1.36 dollars. Total company net sales for the third quarter increased 3.9...

BusinessFeatured

Urban Outfitters reports increase in Q2 sales

Urban Outfitters, Inc. reported net income of 59 million dollars and earnings per diluted share of 64 cents for the second quarter. For the six month period net income was 91 million dollars and earnings per diluted share were 96 cents. “We are pleased to announce record Q2 sales fueled by strong ‘comps’ at the Anthropologie and Free People...

Fashion |In Pictures

Fila and Playboy launch women’s capsule collection

Sportswear brand Fila has teamed up with Playboy to launch a women’s apparel capsule collection exclusively at Urban Outfitters. The 13-piece collection draws inspiration from 70s styles, with “trend-forward updates” geared towards the Urban Outfitters shopper, with a mix of matching sets and separates in brown, navy, white, green and marigold...

Business

Urban Outfitters retail comparable sales increase by 11 percent

Urban Outfitters, Inc. reported net income of 32 million dollars and earnings per diluted share of 33 cents for the three months ended April 30, 2022. Total company net sales for the quarter increased 13.4 percent over the same period last year to 1.05 billion dollars. Total retail segment net sales increased 12 percent, with comparable retail...

Culture

Urban Outfitters enters web3 world with collaborative NFT release

Adding to the growing number of retailers stepping foot into the web3 space, Urban Outfitters Europe has revealed its support for the launch of Smiley’s non-fungible token (NFT) artwork designed by graffiti artist, André Saraiva. Honouring its 50th anniversary, Smiley has released 500 limited edition, collectible NFTs that will also unlock...

BusinessFeatured

Urban Outfitters posts strong improvement in net sales

Urban Outfitters, Inc. announced total company net sales for the fourth quarter were 1.33 billion dollars, up 13.9 percent, while comparable retail segment net sales increased 14 percent. For the year ended January 31, 2022, total company net sales increased 14.2 percent compared to the year ended January 31, 2020. Comparable retail segment net...