URBN prioritizes Nuuly’s growth with logistics investments

Oct 10, 2024 · Clothing retailer URBN is prioritizing its logistics capacity with a $52.5 million investment, CFO Melanie Marein-Efron said in an Aug. 21 Q2 earnings call. The retailer’s …

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URBN Prioritizes Nuuly’s Growth With Logistics Investments

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Oct 10, 2024 · Clothing retailer URBN is prioritizing its logistics capacity with a $52.5 million investment, CFO Melanie Marein-Efron said in an Aug. 21 Q2 earnings call. The retailer’s …

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Urban Outfitters Will Open A $60M Fulfillment Center In KC For Its ...

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Jan 18, 2023 · Urban Outfitters will open a $60M fulfillment center in KC for its clothing rental brand. January 18, 2023 by Mary King. A big retail brand is making a second investment into …

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How Urban Outfitters Beat Rent The Runway In The Rental Game

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Nov 9, 2023 · Rent the Runway’s share price has dropped about 97% since it went public in late October 2021. In its second quarter this year, the company reported $75.5 million in revenue, …

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Startland News On LinkedIn: $60M Investment For Urban Outfitters ...

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$60M investment for Urban Outfitters’ clothing rental sister brand expected to create 750 KC jobs https://www.startlandnews.com

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$60M Investment For Urban Outfitters’ Clothing Rental Sister Brand ...

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RAYMORE, Missouri — The opening of a 600,000-square-foot fulfillment center for Nuuly, a women’s clothing rental brand, is an exciting moment for the region, said Chris Gutierrez, …

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Nuuly’s Take On Rental Drives Growth For Urban Outfitters

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Oct 24, 2024 · Subscribers pay $98 to rent six items for a month. Shipping, cleaning and repairs are all handled by Nuuly. About half of the styles on offer come from one of Urbn's businesses …

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Rent Clothing? This Business's 68% Customer Growth Says Yes.

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Dec 9, 2023 · Urban Outfitters (URBN 1.10%) is a mall staple. Largely focused on selling fashion apparel for younger customers, it always has to be at the cutting edge of design. That can lead …

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Urban Outfitters - Company Profile - Tracxn

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Oct 20, 2024 · Urban Outfitters Non-GAAP EPS of $0.69 beats by $0.16, revenue of $1.2B beats by $20MSeeking Alpha • May 21, 2024 • Urban Outfitters $60M investment for Urban …

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FAQs about URBN prioritizes Nuuly’s growth with logistics investments Coupon?

Does Urban Outfitters have a clothing rental service?

Urban Outfitters Inc., or URBN launched a clothing rental subscription service, Nuuly in 2019. Despite similar services on the market, Nuuly has proven it can hold its own in a fairly new market, competing with Rent the Runway, which is older by a decade and struggling financially. ...

Did Urban Outfitters make a profit from nuuly?

Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway. ...

Will Urban Outfitters' nuuly be profitable in 2023?

Urban Outfitters’ Nuuly is expected to be profitable by end of 2023. Here’s how the company got here Urban Outfitters Inc., or URBN, has been quietly building a new segment near its headquarters in Philadelphia. ...

Who is Urban Outfitters?

URBN is a portfolio of global consumer brands comprised of Urban Outfitters, Anthropologie, Free People, FP Movement, Anthropologie Weddings, Terrain, Menus & Venues, and Nuuly. We are passionate, creative and entrepreneurial. We create unique retail experiences with an eye toward creativity and a singular focus on pleasing our customer. ...

Is Urban Outfitters' 'nuly' business a hit?

This Business's 68% Customer Growth Says Yes. Urban Outfitters' namesake brand is struggling today. But its tiny, new segment is growing at a rapid pace. Its Nuuly business rents out clothing -- and it's a hit. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. ...

Is Urban Outfitters a bad quarter?

While not a bad quarter by any stretch of the imagination, the weakness at Urban Outfitters highlights the impact that shifting consumer tastes can have on an apparel retailer. But there's another division at Urban Outfitters that is drawing increasing attention from investors. Called Nuuly, it doesn't sell clothing. It rents clothing. ...