PHILADELPHIA, Feb. 16, 2015 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced plans to relocate its Trenton, South Carolina Ecommerce Fulfillment Center to Gap, Pennsylvania. Construction of the new one million square foot fulfillment center in Gap, PA, is on schedule to be complete by July 2015. The new, highly automated facility will significantly increase the Company's fulfillment capacity, supporting strong direct-to-consumer growth for many years to come. The location of the facility, adjacent to the existing URBN Retail Distribution Center, will create increased efficiencies across the URBN supply chain and noticeably improve order delivery time, enabling next day delivery into the important Northeast region.
"Our Trenton workforce has provided key support for our exceptional Direct and Wholesale growth over the past nine years. We thank them and hope many will decide to stay with the Company as we move to Gap, PA," said Richard A. Hayne, Chief Executive Officer. "As online sales continue to surge, our new facility places us in closer proximity to a large percentage of our Direct customers and allows us to service them faster and more efficiently," finished Mr. Hayne.
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through 238 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 204 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 102 Free People stores in the United States and Canada, catalogs and websites; Free People wholesale, which sells its product to approximately 1,600 specialty stores and select department stores worldwide; and 2 Terrain garden centers and a website, as of January 31, 2015.
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," "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 the resultant impact on consumer spending patterns, lowered levels of consumer confidence and higher levels of unemployment, continuation of lowered levels of consumer spending resulting from a worldwide political and economic crisis, any effects of terrorist acts or war, natural disasters or severe weather conditions, 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, 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, failure of our manufacturers to comply with our social compliance program, changes in accounting standards and subjective assumptions, regulatory changes and legal matters 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.
CONTACT: Oona McCullough Director of Investor Relations (215) 454-4806
Source:Urban Outfitters, Inc.