Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Urban Outfitters has Bucklesque Q2

Photo courtesy of Urban
Photo courtesy of Urban Outfitters website
By Tiffany Montgomery
August 15, 2008 7:32 AM

One of my readers suggested I should be covering Urban Outfitters, given how many action sports brands sell to the chain, including Analog, Insight, Burton, Obey, Paul Frank, RVCA, WeSC and Volcom.


I've added Urban to my list and here's a quick summary of the company's stellar second quarter when the company definitely outperformed the market. The results were released yesterday.


- Total sales rose 30 percent to $454 million.


- Total company same-store sales rose 13 percent, including a 19 percent jump at Urban Outfitters.


- Net income rose 79 percent to $57 million.


- The company is seeing healthy trends in all of its brands - Urban Outfitters, Athropologie and Free People.


- Unlike other retailers, the company said its even saw positive trends in women's apparel that gave Urban good intelligence how to position merchandise for the second half of the year. Executives declined to elaborate on what those good trends are, however, for fear of tipping off the competition. They would only say, "Go to the stores. If it's at regular price, it's selling. If it's in markdown, it's not."

-It was interesting to hear a retail company talk about moderate domestic growth plans not based on the slow economy, but rather fear of growing too big and losing its cool factor. Executives even used a phrase I have heard so much in the action sports industry: "Size is the enemy of cool." The company believes it can have 250 Anthropologie and Urban Outfitters stores in the U.S. Currently, there are 132 Urban Outfitters stores worldwide. "All of our brands will continue to be targeted to an up-market, sophisticated customer and typically the customer that we target to appreciates scarcity, so we'll continue on that path," CEO Glen Senk said.


- The company is focusing its store growth in Europe, where it is scouting for Anthropologie sites and accelerating Urban Outfitters openings.


Articles You Might Have Missed