Sponsors
Billabong ▲ +0.010 | PPR - 0 | American Apparel ▲ +0.019 | The Buckle ▼ -0.60 | Columbia ▲ +0.21 | Deckers Outdoor ▼ -0.15 | Dicks ▼ -0.74 | Foot Locker ▼ -0.81 | Genesco ▲ +0.03 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▼ -0.65 | Nordstrom ▼ -0.73 | Luxottica ▼ -0.48 | Nike ▲ +0.34 | Pacific Sunwear ▼ -0.16 | Skullcandy ▼ -0.01 | Sport Chalet - 0 | Urban Outfitters ▼ -0.20 | VF Corp ▼ -0.19 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.22 | Macys ▼ -1.46 | Tillys ▲ +0.12 |
Ticker Sponsor
Readers Say
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Industry Insight

TAYLOR DIGITAL: Google's algorithm change April 21 will favor mobile sites.
SURFRIDER: Update: Trestles saved, again.
ROTH CAPITAL PARTNERS: 6 consumer sector take-aways from investor conference.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Urban Outfitters has Bucklesque Q2

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