Urban Outfitters’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base and an 86% increase in revenue, CNBC reported Tuesday (Nov. 21). Nuuly’s success in achieving profitability before its competitor, Rent...
Urban Outfitters put itself on a crash diet that might have gone too far. As a result of inflation and the unpredictable nature of consumer spending, retailers are implementing strategic and streamlined methods to manage their product inventory by reducing their offerings and aiming for...
From Stella McCartney launching sustainable beauty to Dries Van Noten and Off-White expanding into makeup or skincare, apparel retailers have increasingly made strategic efforts into the beauty industry, seeing it as a promising avenue for growth. H&M is the most recent apparel retailer to venture...
Urban Outfitters is heading into the holiday shopping season enjoying record sales, primarily driven by shoppers at its Anthropologie and Free People brands. According to the company’s third-quarter earnings report, sales rose 3.9% from the third quarter of 2021, reaching a record $1.18 billion. “Consumer...
April 16, 2024
Financial infrastructure platform Stripe has launched a payments partnership with retail group URBN. The collaboration, announced Tuesday (April 16) will see is designed to offer a more consistent checkout experience for customers making online and in-person payments at retailers including Urban Outfitters, Anthropologie, Free People and FP Movement. “Payments are a critical link between our brands and millions of URBN customers who […]
November 21, 2023
Urban Outfitters’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base and an 86% increase in...
November 22, 2022
Urban Outfitters is heading into the holiday shopping season enjoying record sales, primarily driven by shoppers at its Anthropologie and Free People brands. According to the company’s third-quarter earnings report,...
May 26, 2022
Today in data, as retailers report higher in-store sales, consumers say they prefer tailored online shopping experiences. Data $1.05B: First quarter sales by Urban Outfitters, which reports a dip in...
