Urban Outfitters, Inc. is a multinational lifestyle retail corporation headquartered in Philadelphia, Pennsylvania. It operates in the United States, Sweden, United Kingdom, Spain, Denmark, France, Germany, Ireland, Belgium, Canada, Italy, the Netherlands, Israel, and the UAE. 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, active-wear and gear, and housewares, as well as music, primarily vinyl records and cassettes. Much of the merchandise is designed and produced by the company's wholesale division on multiple private labels.
Urban Outfitters store, Covent Garden, London in June 2015.
|Founded||1970 (as Free People)|
Philadelphia, Pennsylvania, U.S.
Number of locations
|245 (February, 2018)|
|Richard Hayne (CEO)|
|Revenue||US$ 3.450 Billion (2014)|
|US$ 426.831 million (2014)|
|US$ 282.36 million (2014)|
|Total assets||US$ 2.221 Billion (2014)|
|Total equity||US$ 1.694 Billion (2014)|
|Owner||Richard Hayne (15.5%)|
Number of employees
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. It was renamed to Urban Outfitters and incorporated in 1976.
Urban Outfitters is a lifestyle related retailer which specializes in selling apparel, clothing accessories and apartment products. It primarily targets teenagers and young adults who are interested in hipster subculture and alternative fashion.
In 2007 Urban Outfitters 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. For the same campus, Urban Outfitters received the 2007 Global Award for Excellence from the Urban Land Institute. In March 2008, to introduce its new Terrain brand, the company entered the Philadelphia Flower Show and won the Alfred M. Campbell Award, the Conservation Award, People’s Choice Award and Best in Show.
On November 27, 2009, the firm 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. In response to the move, ombudsman Jimmy Ekman called for tougher laws to prevent other firms denying collective bargaining rights in this way.
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. 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.
In Q4 2015, the company announced plans to acquire the Vetri Family, a Philadelphia restaurant group. As the company is facing declining same store sales and foot traffic, the acquisition illustrates 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, PA and Washington DC.
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, Anti-Defamation League and Navajo Nation for some of their products.
- "URBAN OUTFITTERS INC 2014 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. April 1, 2014.
- http://www.4-traders.com/URBAN-OUTFITTERS-INC-11245/company/. Retrieved 2016-10-19. Missing or empty
- "Urban Outfitters". Fortune. Retrieved 2019-02-07.
- "History". URBN. Retrieved 2018-04-03.
- Bondarenko, Veronika (August 28, 2017). "Urban Outfitters is more mainstream than ever — now it's struggling to stay relevant". Business Insider. Retrieved June 14, 2019.
- "NTHP Presents Honor Award To Urban Outfitters Corporate Office Campus". National Trust.
- "ULI Announces Five Winners of the 2007 Global Awards for Excellence Competition". The Urban Land Institute.
- "Urban Outfitters' Terrain". Design Philadelphia, March 2008.
- "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.
- "Antingen skriver man på eller blir uppsagd". Svenska Dagbladet, By Negra Efendić, November 27, 2009.
- Karen von Hahn, "Mama, don't take my Polaroid away", Globe and Mail, page L3, September 5, 2009
- Center for Public Integrity
- Elliot, Peter (July 20, 2016). "This Is the Reason Urban Outfitters Bought a Pizza Chain". Bloomberg News.
- "Game's street theme upsets NAACP" — St. Petersburg Times
- "Black leaders outraged at 'Ghettopoly' game at Urban Outfitters". USAtoday, 10/9/2003. October 9, 2003. Retrieved May 27, 2010.
- "ADL Welcomes Urban Outfitters' Decision to Discontinue Production of Offensive T-Shirt", Anti-Defamation League, January 9, 2004.