Urban Outfitters Company Description
If you're a metropolitan hipster, Urban Outfitters has your outfit. The firm's 130-plus namesake stores -- mainly in the US, but also 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 110 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. Chairman and president Richard Hayne, who founded Urban Outfitters as The Free People's Store in 1970, owns about 30% of the company.
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The Company Description provides a historical perspective of Urban Outfitters's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Urban Outfitters's evolution in the marketplace.
