URBN Announces Personnel Changes
April 23 2019 - 4:10PM
Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products
and services company which operates a portfolio of global consumer
brands comprised of Anthropologie, BHLDN, Free People, Terrain and
Urban Outfitters brands and the Food and Beverage division, today
announced two changes in personnel at its Anthropologie brand.
First, Andrew Carnie, President, Home Garden and
International at the Anthropologie Group will leave URBN to return
to his home in the United Kingdom. Andrew will step down as
of April 26, 2019. “We thank Andrew for six years of service
to the Company. Under his leadership, Home category sales doubled,
the brand successfully launched a Home wholesale business and
Anthropologie opened its first two stores in continental Europe,”
said Richard A. Hayne, CEO and Chairman of Urban Outfitters,
Inc.
At the same time, we are pleased to announce the
promotion of Hillary Super, to Global President of the
Anthropologie Group. In addition to her current
responsibilities overseeing the women’s apparel and accessories
categories and the BHLDN bridal business, Hillary will assume
oversight of the business segments previously reporting to Andrew.
“Since joining Anthropologie two years ago, Hillary has made a
strong impact on the brand. Under her leadership, sales of
apparel and accessories have climbed to new heights. More
recently, she and the Anthropologie team successfully planned and
launched the new A Plus line of apparel. I believe
Anthropologie continues to have amazing opportunities for growth
and with Hillary as leader, I believe those opportunities will be
realized,” finished Mr. Hayne.
Urban Outfitters, Inc., offers
lifestyle-oriented general merchandise and consumer products and
services through a portfolio of global consumer brands comprised of
245 Urban Outfitters stores in the United States, Canada and Europe
and websites; 227 Anthropologie Group stores in the United States,
Canada and Europe, catalogs and websites; 134 Free People stores in
the United States, Canada and Europe, catalogs and websites, 12
Food and Beverage restaurants, 4 Urban Outfitters franchisee-owned
stores and 1 Free People franchisee-owned store, as of March 31,
2019. Free People, Anthropologie Group and Urban Outfitters
wholesale sell their products through approximately 2,200
department and specialty stores worldwide, digital businesses and
the Company’s Retail segment.
This news release is being made pursuant
to the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Certain matters
contained in this release may contain forward-looking statements.
When used in this release, the words “project,” “believe,” “plan,”
“will,” “anticipate,” “expect” and similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Any
one, or all, of the following factors could cause actual financial
results to differ materially from those financial results mentioned
in the forward-looking statements: the difficulty in predicting and
responding to shifts in fashion trends, changes in the level of
competitive pricing and promotional activity and other industry
factors, overall economic and market conditions and worldwide
political events and the resultant impact on consumer spending
patterns, the effects of the implementation of the United Kingdom's
referendum to withdraw membership from the European Union (commonly
referred to as “Brexit”), including currency fluctuations, economic
conditions and legal or regulatory changes, any effects of war,
terrorism and civil unrest, natural disasters or severe or
unseasonable weather conditions, increases in labor costs,
increases in raw material costs, availability of suitable retail
space for expansion, timing of store openings, risks associated
with international expansion, seasonal fluctuations in gross sales,
the departure of one or more key senior executives, import risks,
changes to U.S. and foreign trade policies, including the enactment
of tariffs, border adjustment taxes or increases in duties or
quotas, the closing or disruption of, or any damage to, any of our
distribution centers, our ability to protect our intellectual
property rights, risks associated with digital sales, our ability
to maintain and expand our digital sales channels, response to new
store concepts, our ability to integrate acquisitions, failure of
our manufacturers and third-party vendors to comply with our social
compliance program, changes in our effective income tax rate, the
impact of the U.S. Tax Cuts and Jobs Act, changes in accounting
standards and subjective assumptions, regulatory changes and legal
matters and other risks identified in our filings with the
Securities and Exchange Commission. The Company disclaims any
intent or obligation to update forward-looking statements even if
experience or future changes make it clear that actual results may
differ materially from any projected results expressed or implied
therein.
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Contact: |
Oona McCullough |
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Director of Investor
Relations |
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(215) 454-4806 |
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