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Retail Dish: Urban Outfitters to Buy Gourmet Pizza Chain

In Industry News, Marketing, What's New by Jeff PrineLeave a Comment

Philadelphia—In a move to diversify that left many analysts scratching their heads in wonderment, Urban Outfitters Inc. announced today it has entered into an agreement to acquire substantially all The Vetri Family group of restaurants including award winning Pizzeria Vetri. Tremendous Opportunity? Terms of the acquisition went undisclosed. The Vetri …

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Urban Outfitters Invest $210 Million in Expansion, Doubling Workforce

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Philadelphia—Pennsylvania government officials applauded Monday news that Urban Outfitters is planning to invest $210 million in new projects spurred by the retailer’s growing e-commerce business. Plans call for an expansion to 250,000-square-foot of the company’s headquarters in the Philadelphia Navy Yard and construction of a 1.2 million-square-foot direct-to-consumer fulfillment center …

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Urban Outfitters Q4 Profit Doubles on Higher Sales, Margins

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Philadelphia—Urban Outfitters Inc.’s strategy to improve gross margins and total sales during the fourth quarter proved successful: the company reported Monday net income doubled on stronger sales. For the quarter ended Jan. 31, the operator of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters retail brands posted net income of …