Urban Outfitters Inc. is going green with a new non-apparel store concept.
The Philadelphia-based firm, which operates Anthropologie, Free People and Urban Outfitters, plans to launch a fourth brand early next year. While it has yet to be named, Richard Hayne, chairman and president, said in a statement that the "new concept is designed to appeal to men and women interested in a creative, sophisticated experience."
Hayne said that the new brand will borrow from the success of Anthropologie, Free People and Urban Outfitters.
"The fourth [brand] will also create a compelling shopping environment, this one inspired by the 'greenhouse,'" Hayne said in the statement. "Sites will be large and freestanding. Merchandise will include lifestyle home and garden products combined with antiques, live plants and flowers. We have an outstanding opportunity to serve the affluent consumer by offering a unique brand that overwhelms the senses with an eclectic product mix presented in a setting infused with beauty."
Urban Outfitters officials couldn't be reached for further comment.
Christine Chen, specialty retail analyst at Needham & Co. LLC, a San Francisco investment firm, said a new environmentally friendly store could be intriguing.
"They've made it very clear that this is a non-apparel concept, hence the word ';greenhouse,'" Chen said. "While it's too early to tell if this concept will work, it will be launched in 2008 as a test. It's meant to target the Baby Boomer who is affluent, has money and enjoys gardening, but is looking for something nicer than what they can find at Home Depot or Lowe's. I imagine the store will have things like pottery, antiques, outdoor furniture with a mix of living and nonliving items. It's certainly interesting and unique, which is something the company is very good at."
Urban Outfitters Inc.'s first-quarter earnings surged 45 percent, driven by solid sales of spring assortments. For the three months ended April 30, earnings rose to $29.4 million, or 17 cents per diluted share, from $20.3 million, or 12 cents, in the year-ago period, on sales that climbed 16 percent to $314.5 million from $270 million. Same-store sales for the quarter fell 2 percent. By division, quarterly comparable-store sales at Anthropologie and Free People increased 2 percent and 8 percent, respectively, and were down 5 percent at Urban Outfitters stores.Urban Outfitters Inc. operates 110 Urban Outfitters stores in the U.S., Canada and Europe; an Urban Outfitters Web site and catalogue; 95 Anthropologie stores in the U.S.; an Anthropologie Web site and catalogue, and Free People, the company's wholesale segment, which sells its product to about 1,500 specialty stores, department stores and catalogues, as well as through eight Free People stores, a Web site and catalogue.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast