Urban Outfitters number of stores worldwide as of 2023, by region
Urban Outfitters Key Facts
Urban Outfitters Inc. was founded in the United States in 1970 and is now operates a range of brands selling a variety of products, including apparel, accessories, home goods, beauty products, and other lifestyle products. The company reported net sales of almost 4.8 billion U.S. dollars in fiscal year 2023, up from 4.5 billion U.S. dollars in the previous year. Urban Outfitter’s apparel segment generates the highest share of the company’s revenue, at 63 percent.
U.S. Millennials and Apparel Consumer Behavior
There were approximately 72 million Millennials living in the United States as of 2022 and their decisions about where and how to shop for clothing and accessories has a significant impact on the apparel market in the United States. In the U.S. and Canada, friends and significant others are the biggest influences on the clothing items Gen Z and millennials buy.