Urban Outfitters
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Urban Outfitters store, Covent Garden, London in June 2015.
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| Public | |
| Traded as | |
| Industry | Retail |
| Founded | 1970 Philadelphia, Pennsylvania, U.S. |
| Founder |
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| Headquarters | Philadelphia, Pennsylvania, U.S. |
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Number of locations
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401 (May 2012) |
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Area served
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Key people
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Richard Hayne (CEO) |
| Products |
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| Revenue |  US$ 3,450.608 million (2014) |
| US$ 426.831 million (2014) |
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| US$ 282.36 million (2014) |
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| Total assets | US$ 2,221.214 million (2014) |
| Total equity | US$ 1,694.17 million (2014) |
| Owner | Richard Hayne (15.5%) |
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Number of employees
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25,000 (2011) |
| Subsidiaries |
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| Website | |
Urban Outfitters, Inc. is an American multinational clothing corporation headquartered in Philadelphia, Pennsylvania. It operates in the United States, Belgium, Canada, Denmark, France, Germany, Italy, Ireland, the Netherlands, Sweden, United Kingdom and Spain. Its inventory primarily consists of women's and men's fashion apparel, footwear, beauty and accessories, activewear and gear, and housewares, which largely draw from bohemian, hipster, ironically humorous, kitschy, retro, and vintage styles. Their targeted group is young adults aged 18 to 28. The company has additionally collaborated with designers and luxury brands on several occasions. Urban Outfitters manages five separate brands, including its namesake, Anthropologie, Free People, Terrain, and BHLDN; together, the brands operate over 400 retail locations worldwide. Today, it sells its product to approximately 1,400 specialty stores and select department stores. Other than that, merchandise is sold directly to customers through websites, mobile applications, catalogs and customer contact centers. As of January 31, 2015, total of 238 Urban Outfitters stores are operating, in which 179 are located in the United States, 16 are located in Canada and 43 are located in Europe.
The company was founded by Richard Hayne, and Scott Belair in 1970, and was renamed and incorporated in 1976. On March 15, 2001, the company reclassified shipping and handling revenue Into net sales. On January 23, 2014, Wendy Wurtzburger, who "was instrumental in developing Leifsdottir, a brand that Anthropologie sold in select units and wholesaled to Bergdorf Goodman, Saks Fifth Avenue, Neiman Marcus and Nordstrom", left Urban Outfitters. In April 2011, the company decided to sell Liefsdottir through its own company.
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