Free People news and archive

Urban Outfitters' sales and earnings increase compared to Q1 2019

Total Urban Outfitters net sales for the three months ended April 30, 2021, were 927 million dollars, up 7.3 percent compared to the three months ended April 30, 2019 and increased 57.6 percent compared to the three months ended April 30, 2020. Net income for the three months ended April 30, 2021 was 54 million dollars and earnings per diluted...

Retail

Free People to open a new store in London

American retailer Free People is opening a new location in London’s West End today, April 12. Location on Regent Street, the new Free People store spans 3,100 square foot. It features the brand’s apparel, activewear and accessories, as well as a dedicated ethereal white shop and an area for its ‘We The Free’ denim showcasing flares, wide-legs,...

Business

Urban Outfitters Q4 sales decline by 6.9 percent

Total company net sales at Urban Outfitters, for the three months ended January 31, 2021, decreased 6.9 percent over the same period last year to 1.09 billion dollars. The company said, comparable retail segment net sales decreased 7 percent due to negative retail store net sales as stronger conversion rates could not offset the reduced store...

BusinessFeatured

Urban Outfitters announces disappointing holiday sales, group CEO departure

Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2020, decreased 8.4 percent over the same period last year, while comparable retail segment net sales decreased 9 percent due to negative retail store net sales. The company said in a statement that stronger conversion rates could not offset the reduced...

Business

Urban Outfitters promotes Melanie Marein-Efron to CFO

Urban Outfitters, Inc. (URBN) has announced the promotion of Melanie Marein-Efron, the company’s executive director of corporate development and finance to Chief Financial Officer, effective December 2, 2020. “I am pleased to announce Melanie’s promotion to be our new chief financial officer, and I welcome her to our executive leadership Team,”...

Business

Urban Outfitters posts 38 percent rise in Q3 profit

Urban Outfitters, Inc. has announced net income of 77 million dollars and earnings per diluted share of 78 cents for the third quarter, while net loss for the nine months period was 27 million dollars and loss per diluted share was 28 cents. The company said in a statement that net sales for the three months decreased 1.8 percent to 970 million...

BusinessFeatured

Online sales boost Urban Outfitters Q2, swings to profit

Urban Outfitters, Inc. posted net income of 34 million dollars and earnings per diluted share of 35 cents for the three months ended July 31, 2020, while for the six months period, net loss was 104 million dollars and loss per diluted share was 1.06 dollars. The company said in a statement that total net sales for the quarter decreased 16.5...

Business

Urban Outfitters reports sales in decline in Milan and Seattle

Ahead of its participation at the BofA Securities Consumer & Retail Technology Conference 2020, Urban Outfitters, Inc. has announced that over the past week, the company has seen a decline in store traffic and sales in areas heavily impacted by COVID-19 such as Milan, Italy and Seattle, Washington, as well as a few additional locations. While...

Business

Urban Outfitters reports 4 percent growth in Q4 comparable sales

Urban Outfitters, Inc. has announced that total company net sales for the three months ended January 31, 2020, increased 3.6 percent to 1.17 billion dollars, while comparable retail segment net sales increased 4 percent, driven by growth in the digital channel, partially offset by negative retail store sales. By brand, comparable retail segment...

Business

Urban Outfitters comparable holiday sales improve 3 percent

Urban Outfitters, Inc. has announced that total company net sales for the two months ended December 31, 2019, increased 2.9 percent over the same period last year, while comparable retail segment net sales increased 3 percent, driven by growth in the digital channel, partially offset by negative retail store sales. By brand, comparable retail...

BusinessFeatured

Urban Outfitters reports drop in Q2 sales and profit

Urban Outfitters, Inc., which operates a portfolio of brands including Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly, has announced net income of 60 million dollars and 93 million dollars for the three and six months ended July 31, 2019, respectively compared to 93 million dollars and 134 million dollars in the previous...

Fashion

Free People launches new collection with tech fabric

Contemporary lifestyle and clothing brand Free People’s activewear brand, FP Movement, has launched a new collection featuring TechnoLinen. According to an announcement from the brand, TechnoLinen is a new, innovative fabric that uses technology to regulate the wearer’s body temperature to the 99.5 degrees Fahrenheit (37.5 degrees Celsius). This...