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Urban Outfitters: Free People
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Urban Outfitters is in a class all it's own. If you do not realize this or care, go back to what you were doing and read about restaurants or parks or peruse the talk threads for dirty words and clever people to fan.
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Urban Outfitters (NASDAQ:URBN) owns and operates three retail clothing brands: Urban Outfitters, Anthropologie and Free People. The first store opened in 1970 in Philadelphia, Pennsylvania, focusing on "funky" fashion and household products. Today, the Urban Outfitters line has expanded from vintage, bohemian, retro, ironically humorous, kitschy, and oddly designed apparel and furniture to include many luxury brands such as Lacoste, Diesel, True Religion and Seven for All Mankind. Currently headquartered in the Philadelphia Navy Yard, Urban operates more than 140 shops in the United States, Canada, Ireland, and the United Kingdom.
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Urban Outfitters, Inc., a lifestyle merchandising company, operates specialty retail stores under the Urban Outfitters, Anthropologie, and Free People brands in North America and Europe. Its retail stores offer fashion apparel, footwear, accessories, gifts and decorative items, furniture, books, candles and novelties, pillows and shower curtains, rugs, lighting and antiques, table top items, and bedding products. As of August 7, 2007, the company operated approximately 200 stores in North America and Europe. It ... markets its products directly to the consumer through its e-commerce Web sites, as well as through its catalogs. In addition, Urban Outfitters engages in the wholesale distribution of apparel, including young women's casual wear, tops, bottoms, sweaters, and dresses to approximately 1,500 specialty retailers. The company was founded in 1970 and is based in Philadelphia, Pennsylvania.
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Urban Outfitters (nasdaq: URBN - news - people ) released its third-quarter earnings on Thursday, beating the Street's expectations. The Philadelphia-based retailer said its profits climbed to $45.4 million, or 27 cents per share, up 32% from $34.5 million, or 21 cents per share a year ago. Analysts polled by Thomson Financial predicted earnings of only 24 cents per share.
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In 1990, Urban Wholesale replaced its signature Urban Outfitters collection brand with three separate labels: Ecote, Free People, and Anthropologie. The three apparel labels each targeted a different audience. Ecote produced solid and printed casual rayon dresses in styles ranging from baby dolls to A-lines and made up about 60 percent of the business in 1991. The Free People label produced sixties-era inspired designs and hip casualwear, while Anthropologie made young women's casual wear, primarily cotton, wool, and silk sweaters. Schultz expected Anthropologie to become the wholesale division's biggest label because it was the most adaptable. As reported in Women's Wear Daily, before the change, 70 percent of the division's sales were to department stores and 30 percent to specialty stores.
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If you're a metropolitan hipster, Urban Outfitters has your outfit. The firm's 120-plus namesake stores -- mainly in the US, but ... in Canada and Europe -- sell casual clothes, accessories, gifts, housewares, and shoes. The retailer also courts older women (30- to 45-year-old suburbanites) at about 105 Anthropologie shops. Urban Outfitters and Anthropologie also distribute catalogs and operate e-commerce sites. Its wholesale division makes and distributes clothing under the Free People label to its own and about 1,500 specialty stores worldwide. A fourth brand debuts in 2008.
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