URBN Announces Personnel Changes
Source: Nasdaq GlobeNewswire / 23 Apr 2019 21:10:00 Europe/London
PHILADELPHIA, April 23, 2019 (GLOBE NEWSWIRE) -- 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.
Contact: Oona McCullough Director of Investor Relations (215) 454-4806