Urban Outfitters Announces Strong Q2 Sales
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PHILADELPHIA, July 31, 2008 (PRIME NEWSWIRE) -- Urban Outfitters, Inc.
(Nasdaq:URBN), a leading lifestyle specialty retail company operating under the
Anthropologie, Free People, Terrain and Urban Outfitters brands, today announced
that sales for the second quarter ended July 31, 2008 were robust. Glen T. Senk,
Chief Executive Officer said, "Despite a challenging retail environment, I am
pleased that both comparable store and total company sales remained strong
throughout the second quarter, consistent with the trend identified in our
recent Form 10-Q filed on June 9, 2008." The Company will release sales results
for the three and six months ended July 31, 2008 on Thursday, August 7, 2008.
Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler which
offers a variety of lifestyle merchandise to highly defined customer niches
through 132 Urban Outfitters stores in the United States, Canada, and Europe;
two Urban Outfitters web sites and an Urban catalog; 115 Anthropologie stores;
an Anthropologie catalog and web site; Free People, the Company's wholesale
division, which sells its product to approximately 1,700 specialty stores,
department stores and catalogs, as well as through 21 Free People stores, a
web-site and catalog and one Terrain garden center as of July 31, 2008.
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 filing may constitute forward-looking statements. 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, including 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 and other risks identified in 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: Urban Outfitters, Inc.
John Kyees, Chief Financial Officer
(215) 454-5500
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