Urban Outfitters, Inc. (URBN) is a multinational lifestyle retail corporation headquartered in Philadelphia, Pennsylvania.[3] Operating in the United States, the United Kingdom, Canada, select western european countries, Poland[4] the United Arab Emirates, Kuwait, and Qatar, the Urban Outfitters brand targets young adults with a merchandise mix of women's and men's fashion apparel, footwear, beauty and wellness products, accessories, activewear and gear, and housewares, as well as music, primarily vinyl records and cassettes.
The company was founded as the retail store Free People by Richard Hayne, Judy Wicks and Scott Belair in 1970 as a project for an entrepreneurship class at University of Pennsylvania.[5] It was renamed to Urban Outfitters and incorporated in 1976.[5]
Urban Outfitters, Inc. (URBN) carries multiple stores within the URBN portfolio of brands, which also includes Anthropologie, Free People, Terrain, BHLDN and the Vetri Family restaurant group. Much of the merchandise is designed and produced by the company's wholesale division on these multiple private labels.[6]
In the 1970s, Dick Hayne opened a store and called it Free People in West Philadelphia, Pennsylvania. As the store eventually grew from one to two storefronts, the name was changed from Free People to Urban Outfitters.[7]
In 2011, it agreed to sell limited editions of Polaroid ONE600instant cameras and Type 779 instant film in partnership with the Austrian entrepreneur Florian Kaps, who acquired the rights to manufacture 700 copies of the defunct product.[9] In January 2013, it hired the Abraham & Roetzel lobbying firm, led by former Republican Sen. Spencer Abraham, to advocate on its behalf in Washington, D.C., regarding retail industry policy.[10]
In Q4 2015, the company announced plans to acquire the Vetri Family, a Philadelphia restaurant group. As the company was facing declining same store sales and foot traffic, the acquisition illustrated the retailer's shift in strategy. This includes restaurants Amis Trattoria, Bar Amis, and Pizzeria Vetri. There are two Pizzeria Vetri locations in Philadelphia, with other locations in King of Prussia, Pennsylvania and Washington, D.C.[11]
In 2019, the company drew attention by announcing the sale of used VHS tapes for $40.[12] Inn the same year, Urban Outfitters launched Nuuly, a subscription clothing rental service. Following that, the company launched Nuuly Thrift, a resale platform for buying and selling women's, men's and kids’ apparel and accessories from URBN labels and other brands.[13]
As of 2020, Urban Outfitters does not publicly disclose which factories produce the brand's clothing.[14] It also has no human resources department.[3]
In December 2022, Urban Outfitters announced the departure of its president, Francis Pierrel, from the company.[15][16]
Criticism
Urban Outfitters' products have also been the subject of multiple complaints and criticism, largely from religious, ethical, and ethnic pressure groups including a local chapter of the NAACP,[17][18]Anti-Defamation League[19] and Navajo Nation for some of their products.
Labor practices
On November 27, 2009, URBN drew the attention of the Swedish press for denying collective bargaining rights to employees at their Stockholm store by making all 38 workers redundant and re-hiring them through employment agency Academic Work.[20][21] In response to the move, ombudsman Jimmy Ekman called for tougher laws to prevent other firms denying collective bargaining rights in this way.[22]
In 2019, a former executive of Chinese descent with 40 years at the company sued it for ethnic and age-based discrimination.[3]
References
^ abcdefg"URBAN OUTFITTERS INC 2019 Annual Report Form (10-K)". United States Securities and Exchange Commission. June 25, 2020.
^"Urban Outfitters form def 14A". Retrieved June 25, 2020.
^ abc"Asian Urban Outfitters Exec: Millennial Staffers Called Me "Mr. Miyagi"". Philadelphia Magazine. April 12, 2019. Retrieved June 29, 2020.
^Hughes, Huw (May 31, 2019). "Urban Outfitters picks Warsaw for first Central European store". fashionunited.uk. Retrieved June 29, 2020.
^Ell, Kellie (December 2, 2022). "Urban Outfitters Brand President Francis Pierrel Exits". WWD. Retrieved December 5, 2022.
^"Game's street theme upsets NAACP" — St. Petersburg Times
^"Black leaders outraged at 'Ghettopoly' game at Urban Outfitters". USAtoday, September 10, 2003. October 9, 2003. Retrieved May 27, 2010.
^. ADL. January 9, 2004. Archived from the original on November 14, 2004. Retrieved July 24, 2021.
^"Sparkas efter krav på kollektivavtal". Aftonbladet, By Catarina Håkansson, November 27, 2009.
^"Sparkas efter krav på kollektivavtal". Dagenshandel.se, By Jesper Stärn, November 27, 2009.
^Efendić, Negra (November 27, 2009). "Antingen skriver man på eller blir uppsagd". Svenska Dagbladet. Svenska Dagbladet, By Negra Efendić, November 27, 2010.
urban, outfitters, urbn, multinational, lifestyle, retail, corporation, headquartered, philadelphia, pennsylvania, operating, united, states, united, kingdom, canada, select, western, european, countries, poland, united, arab, emirates, kuwait, qatar, brand, t. Urban Outfitters Inc URBN is a multinational lifestyle retail corporation headquartered in Philadelphia Pennsylvania 3 Operating in the United States the United Kingdom Canada select western european countries Poland 4 the United Arab Emirates Kuwait and Qatar the Urban Outfitters brand targets young adults with a merchandise mix of women s and men s fashion apparel footwear beauty and wellness products accessories activewear and gear and housewares as well as music primarily vinyl records and cassettes Urban Outfitters Inc Urban Outfitters store in Lower Manhattan New YorkTypePublicTraded asNasdaq URBNS amp P 600 componentIndustryRetailFounded1970 52 years ago 1970 as Free People in Philadelphia Pennsylvania U S FoundersRichard HayneJudy WicksScott BelairHeadquartersPhiladelphia Pennsylvania U S Number of locations248 2020 1 Area servedUnited States India Belgium Canada Denmark France Germany Ireland Italy Netherlands Pakistan Sweden United Kingdom Spain Italy Austria Poland Kuwait United Arab Emirates QatarKey peopleRichard Hayne CEO ProductsClothing accessories cosmetics footwear housewares musicRevenueUS 3 9 billion 2019 1 Operating incomeUS 231 million 2019 1 Net incomeUS 168 million 2019 1 Total assetsUS 3 3 billion 2019 1 Total equityUS 1 4 billion 2019 1 OwnerRichard Hayne 19 9 2 Number of employees24 000 1 2019 SubsidiariesAnthropologie Free People Terrain BHLDN THE Vetri FamilyWebsiteCommercial website Corporate websiteThe company was founded as the retail store Free People by Richard Hayne Judy Wicks and Scott Belair in 1970 as a project for an entrepreneurship class at University of Pennsylvania 5 It was renamed to Urban Outfitters and incorporated in 1976 5 Urban Outfitters Inc URBN carries multiple stores within the URBN portfolio of brands which also includes Anthropologie Free People Terrain BHLDN and the Vetri Family restaurant group Much of the merchandise is designed and produced by the company s wholesale division on these multiple private labels 6 Contents 1 Corporate history 2 Criticism 2 1 Labor practices 3 References 4 External linksCorporate history EditIn the 1970s Dick Hayne opened a store and called it Free People in West Philadelphia Pennsylvania As the store eventually grew from one to two storefronts the name was changed from Free People to Urban Outfitters 7 Urban Outfitters store in Halifax Nova Scotia In 2007 the company received the National Preservation Honor Award from the National Trust for Historic Preservation for the Urban Outfitters Corporate Office Campus located on the Philadelphia Naval Shipyard why 8 In 2011 it agreed to sell limited editions of Polaroid ONE600 instant cameras and Type 779 instant film in partnership with the Austrian entrepreneur Florian Kaps who acquired the rights to manufacture 700 copies of the defunct product 9 In January 2013 it hired the Abraham amp Roetzel lobbying firm led by former Republican Sen Spencer Abraham to advocate on its behalf in Washington D C regarding retail industry policy 10 In Q4 2015 the company announced plans to acquire the Vetri Family a Philadelphia restaurant group As the company was facing declining same store sales and foot traffic the acquisition illustrated the retailer s shift in strategy This includes restaurants Amis Trattoria Bar Amis and Pizzeria Vetri There are two Pizzeria Vetri locations in Philadelphia with other locations in King of Prussia Pennsylvania and Washington D C 11 In 2019 the company drew attention by announcing the sale of used VHS tapes for 40 12 Inn the same year Urban Outfitters launched Nuuly a subscription clothing rental service Following that the company launched Nuuly Thrift a resale platform for buying and selling women s men s and kids apparel and accessories from URBN labels and other brands 13 As of 2020 Urban Outfitters does not publicly disclose which factories produce the brand s clothing 14 It also has no human resources department 3 In December 2022 Urban Outfitters announced the departure of its president Francis Pierrel from the company 15 16 Criticism EditUrban Outfitters products have also been the subject of multiple complaints and criticism largely from religious ethical and ethnic pressure groups including a local chapter of the NAACP 17 18 Anti Defamation League 19 and Navajo Nation for some of their products Labor practices Edit On November 27 2009 URBN drew the attention of the Swedish press for denying collective bargaining rights to employees at their Stockholm store by making all 38 workers redundant and re hiring them through employment agency Academic Work 20 21 In response to the move ombudsman Jimmy Ekman called for tougher laws to prevent other firms denying collective bargaining rights in this way 22 In 2019 a former executive of Chinese descent with 40 years at the company sued it for ethnic and age based discrimination 3 References Edit a b c d e f g URBAN OUTFITTERS INC 2019 Annual Report Form 10 K United States Securities and Exchange Commission June 25 2020 Urban Outfitters form def 14A Retrieved June 25 2020 a b c Asian Urban Outfitters Exec Millennial Staffers Called Me Mr Miyagi Philadelphia Magazine April 12 2019 Retrieved June 29 2020 Hughes Huw May 31 2019 Urban Outfitters picks Warsaw for first Central European store fashionunited uk Retrieved June 29 2020 a b History URBN Retrieved April 3 2018 urbn 10k 20190131 htm www sec gov Retrieved June 29 2020 Our Story Free People NTHP Presents Honor Award To Urban Outfitters Corporate Office Campus National Trust Karen von Hahn Mama don t take my Polaroid away Globe and Mail page L3 September 5 2009 Levinthal Dave January 29 2013 Influence chic Urban Outfitters bags K Street help Center for Public Integrity Elliot Peter July 20 2016 This Is the Reason Urban Outfitters Bought a Pizza Chain Bloomberg News Deen Khyle February 20 2019 Urban Outfitters launch random used VHS sets for 40 gt Movie News gt Movies Purple Revolver purplerevolver com Retrieved December 18 2022 Edelson Sharon August 24 2021 After A Successful 2019 Rental Service Launch Urban Outfitters Is Diving Into Resale With Nuuly Forbes Kashyap Aruna May 2 2018 When Clothing Labels Are a Matter of Life or Death The Daily Beast The Daily Beast Retrieved April 16 2020 Personnel Changes Nasdaq December 2 2022 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link Ell Kellie December 2 2022 Urban Outfitters Brand President Francis Pierrel Exits WWD Retrieved December 5 2022 Game s street theme upsets NAACP St Petersburg Times Black leaders outraged at Ghettopoly game at Urban Outfitters USAtoday September 10 2003 October 9 2003 Retrieved May 27 2010 Urban Outfitters Discontinues Offensive T Shirt ADL January 9 2004 Archived from the original on November 14 2004 Retrieved July 24 2021 Sparkas efter krav pa kollektivavtal Aftonbladet By Catarina Hakansson November 27 2009 Sparkas efter krav pa kollektivavtal Dagenshandel se By Jesper Starn November 27 2009 Efendic Negra November 27 2009 Antingen skriver man pa eller blir uppsagd Svenska Dagbladet Svenska Dagbladet By Negra Efendic November 27 2010 External links Edit Philadelphia portal Companies portalCommercial website Corporate website Business data for Urban Outfitters GoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title Urban Outfitters amp oldid 1129755478, wikipedia, wiki, book, books, library,
