David McCreight, chief executive officer of the Anthropologie Group, is exiting the company.
His responsibilities will be covered by Hillary Super, Anthropologie group president for apparel and accessories, which includes Beauty and BHLDN; and Andrew Carnie, Anthropologie group president, home, garden and international. Together, they will lead the brand, Anthropologie’s parent company, Urban Oufitters Inc., said in a press release Thursday.
McCreight, who also held the title of president of Urban, will vacate his positions on April 27.
“We thank David for his six years of service to the company, during which time the Anthropologie group opened 60 stores and grew revenue by over 35 percent,” said Richard A. Hayne, chairman and ceo. “Both Hillary and Andrew are strong leaders and excellent merchants with a solid understanding of the Anthropologie customer. Anthropologie Group’s current business is particularly robust, and we are excited about both the near- and longer-term opportunities for growth under their leadership.”
Urban Outfitters Inc.’s portfolio includes 247 Urban Outfitters stores; 226 Anthropologie Group stores; 132 Free People stores in the United States and Canada, and 10 food and beverage restaurants. The company also operates web sites and catalogues, and Free People and Anthropologie Group wholesale their products.
Urban Outfitters Inc. saw sales during the year ended Jan. 31 increase 2 percent to $3.61 billion, while profits fell by more than 50 percent to $108.26 million from $218.12 million a year ago. The picture for the fourth quarter was similar, with sales growing 5.7 percent to $1.09 billion, a company record, and profits falling to $1.3 million from $64.3 million at the end of 2016.
The company said overall sales in its retail segment came in flat for the year, even with the net addition of seven stores, while wholesale sales increased 9.5 percent. Online sales also grew by double digits for each brand, although average order size ended flat, but comparable sales in stores remained negative.