Urban Outfitters news and archive

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...

ManagementFeatured

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...

Fashion Featured

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...

Report

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...

ManagementFeatured

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...

Report

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...

ManagementFeatured

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...

Business

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...

ManagementFeatured

Urban Outfitters sales jump, appoints president of North America

Urban Outfitters net sales for the two months ended December 31, 2023, increased 10 percent, while retail segment net sales increased 8 percent, with comparable retail segment net sales increasing 6 percent. For the eleven months ended December 31, 2023, net sales increased 8 percent, retail segment net sales increased 6 percent and comparable...

ManagementFeatured

Urban Outfitters delivers robust earnings growth

Urban Outfitters reported third quarter net income of 83 million dollars and earnings per diluted share of 88 cents. For the nine month period, net income was 239.9 million dollars and earnings per diluted share were 2.55 dollars. Total company net sales for the quarter increased 9 percent to 1.28 billion dollars, while for the nine months, net...

Fashion

True Religion collaborates with Urban Outfitters for exclusive collection

Lifestyle apparel brand True Religion has partnered with Urban Outfitters to create an exclusive capsule collection for women. The capsule collection taps into the early 2000s and Y2K trends and features updated versions of True Reilgion's best-selling denim styles. Key items in the capsule collection include baggy cargo jeans, a denim maxi...

ManagementFeatured

Urban Outfitters reports strong growth in Q2 earnings

Urban Outfitters, Inc. reported net income of 104.1 million dollars and earnings per diluted share of 1.10 dollars for the second quarter. For the six months, net income was 156.9 million dollars and earnings per diluted share were 1.67 dollars. “We are proud to report record second quarter sales that helped drive a 72 percent increase in EPS,”...