Urban Outfitters

Urban Outfitters, Inc.
Company typePublic
IndustryRetail
Founded1970 (1970) (as Free People) in Philadelphia, Pennsylvania, U.S.
Founders
Headquarters
Philadelphia, Pennsylvania
,
U.S.
Number of locations
700 (2023)
Area served
  • United States
  • India
  • Belgium
  • Canada
  • Denmark
  • France
  • Germany
  • Ireland
  • Italy
  • Netherlands
  • Pakistan
  • Sweden
  • United Kingdom
  • Spain
  • Italy
  • Austria
  • Poland
  • Kuwait
  • United Arab Emirates
  • Qatar
Key people
Richard Hayne (CEO)
Products
  • Clothing
  • accessories
  • cosmetics
  • footwear
  • housewares
  • music
RevenueIncrease US$3.9 billion (2019)[1]
Decrease US$231 million (2019)[1]
Decrease US$168 million (2019)[1]
Total assetsIncrease US$3.3 billion (2019)[1]
Total equityDecrease US$1.4 billion (2019)[1]
OwnerRichard Hayne (19.9%)[2]
Number of employees
24,000[1] (2019)
Subsidiaries
Website

Urban Outfitters, Inc. (URBN) is a multinational fast-fashion company 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]

  1. ^ a b c d e f "URBAN OUTFITTERS INC 2019 Annual Report Form (10-K)". United States Securities and Exchange Commission. June 25, 2020.
  2. ^ "Urban Outfitters form def 14A". Retrieved June 25, 2020.
  3. ^ "Asian Urban Outfitters Exec: Millennial Staffers Called Me "Mr. Miyagi"". Philadelphia Magazine. April 12, 2019. Retrieved June 29, 2020.
  4. ^ Hughes, Huw (May 31, 2019). "Urban Outfitters picks Warsaw for first Central European store". fashionunited.uk. Retrieved June 29, 2020.
  5. ^ a b "History". URBN. Retrieved April 3, 2018.
  6. ^ "urbn-10k_20190131.htm". www.sec.gov. Retrieved June 29, 2020.

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