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Business Description
Urban Outfitters, Inc., a lifestyle merchandising company, operates specialty retail stores in the United States, Europe, and Canada. The company operates through two segments, Retail and Wholesale. The Retail segment consists of Urban Outfitters stores, which offer women’s and men’s fashion apparel, footwear, and accessories, as well as an eclectic mix of apartment wares and gifts, including rugs, pillows, shower curtains, books, candles, and novelties; and Anthropologie stores, which provide women’s casual apparel and accessories, and gifts and decorative items, as well as home furnishings, such as furniture, rugs, lighting, antiques, table top items, bedding, and gifts. These stores offer merchandise through the company’s direct-to-consumer operations, which consist of a catalog and Web site. The Wholesale segment consists of its Free People wholesale division, which manufactures and distributes apparel to the retail segment and to specialty retailers worldwide. The Free People stores offer its merchandise through Web site. As of November 10, 2005, the company operated approximately 84 Urban Outfitters, 73 Anthropologie, and 5 Free People stores; 3 catalogs; and 3 Web sites. The company was co-founded by Richard A. Hayne and Scott A. Belair in 1970. Urban Outfitters is based in Philadelphia, Pennsylvania.