From the official press release: Lifestyle retailer Urban Outfitters Inc. has appointed Andrew McLean to the newly-created position of chief operating officer for the company’s European operating divisions. McLean is coming from Liz Claiborne, where he worked most recently as president of the outlet division. Before that, he was senior director and controller at Gap Inc. In his new position,…
Congratulations to Urban Outfitters, Inc. which will be joining the NASDAQ-100 Index. According to the Press Release, the company had a market capitalization of $3.6 billion at the time of ranking which is pretty damn impressive! What does this mean for the end product consumer? A few things. First, Urban Outfitters (and by proxy, Anthropologie) has established itself as a…
For a store with as much of a national (and Canadian!) presence like Anthropologie it’s surprising how little press they give. Sure you see their products featured in lots of “Me want!” lists but you don’t really see the brains behind their merchandising sharing their inspiration, tips or thoughts. That may be changing though. I recently found out that the…
Despite falling share value, Urban Outfitters’ brands beat sales expectations in the third quarter as sales rose at all three stores: Urban Outfitters, Anthropologie and Free People.Philadelphia, PA (AHN) – Urban Outfitters Inc. announced Thursday third quarter earnings rose 31 percent as the company booked a 26 percent rise in revenue on strong same-store sales.The clothing retailer posted third quarter…
From the Associated Press: NEW YORK — Shares of Urban Outfitters Inc. fell Monday after an analyst downgraded the specialty retailer, citing signs of weakness at its Anthropologie stores. Shares fell $1.50, or 8.6 percent, to $16 in afternoon trading. They earlier set a two-year low of $15.71. Barclays Capital analyst Jeff Black lowered his rating to “Underweight” from “Equal…
Good news for Anthropologie fans in Canada! The brand will be opening its first store for our neighbors to the North soon. The first Canadian store will open in Toronto, and from the sound of this article in the Toronto Star, more stores will follow:An uncertain retail climate hasn’t stopped Anthropologie from forging ahead with a planned expansion to Canada.The…
The last thing any Anthropologie fans want to hear about are stores closing. The economy is in a rough patch right now but luckily Anthropologie seems to be doing fine. From a 10/25/2008 Associated Press article (via Forbes): NEW YORK – Shares of Urban Outfitters Inc. rose Tuesday amid a broader market rally as one analyst said the apparel retailer’s…
