2012-02-02 23:01:58 -
URBAN OUTFITTERS, INC.
Philadelphia, PA - February 2, 2012
For Immediate Release
Contact: Oona McCullough
Director of Investor Relations
(215) 454-4806
PHILADELPHIA, February 2, 2012 (GLOBENEWSWIRE) - Urban Outfitters, Inc.
(NASDAQ:URBN), a leading lifestyle specialty retail company operating under the
Anthropologie, Free People, BHLDN, Terrain and Urban Outfitters brands, today
announced the appointment of Tedford Marlow as Chief Executive Officer, Urban
Outfitters Group, effective February 6(th), 2012. In this new role, Mr. Marlow
will be responsible for the Urban Outfitters brand globally.
"We are excited to have Ted rejoin our URBN team," said Richard Hayne, Chief
Executive Officer. "Ted is an exceptional leader with great vision and has an
intimate knowledge of and appreciation for the brand." Prior to retiring in
2010, Mr. Marlow spent nine years as President of the Urban Outfitters brand.
Under Mr. Marlow's leadership, the Urban Outfitters brand grew revenues to over
$1billion, opened more than 100 stores in the U.S., successfully expanded the
brand into Canada and Continental Europe, and oversaw the rapid growth of the
brand's direct-to-consumer businesses.
Urban Outfitters, Inc. is an innovative specialty retail company that
offers a variety of lifestyle merchandise to highly defined customer niches
through 194 Urban Outfitters stores in the United States, Canada and Europe,
catalogs and websites; 166 Anthropologie stores in the United States, Canada and
Europe, catalogs and websites; Free People wholesale, which sells its product to
approximately 1,400 specialty stores and select department stores; 60 Free
People stores, catalogs and websites, 1 Terrain garden center and website and 1
BHLDN store and website as of December 31, 2011.
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 constitute forward-looking statements. When used
in this release, the words "project," "believe," "plan,"
"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 the resultant
impact on consumer spending patterns, lowered levels of consumer confidence and
higher levels of unemployment, and continuation of lowered levels of consumer
spending resulting from the continuing worldwide economic downturn, any effects
of terrorist acts or war, availability of suitable retail space for expansion,
timing of store openings, seasonal fluctuations in gross sales, the departure of
one or more key senior managers, import risks, including potential disruptions
and changes in duties, tariffs and quotas, the closing of any of our
distribution centers, our ability to protect our intellectual property rights,
risks associated with internet sales, response to new store concepts, potential
difficulty liquidating certain marketable security investments and other risks
identified in the Company's 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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originality of the information contained therein.
Source: Urban Outfitters via Thomson Reuters ONE
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