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Document and Entity Information - shares | 6 Months Ended | |
---|---|---|
Jul. 31, 2020 | Sep. 03, 2020 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jul. 31, 2020 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | URBN | |
Entity Registrant Name | URBAN OUTFITTERS, INC. | |
Entity Central Index Key | 0000912615 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Shell Company | false | |
Title of 12(b) Security | Common Shares, par value $.0001 per share | |
Entity File Number | 000-22754 | |
Security Exchange Name | NASDAQ | |
Entity Incorporation, State or Country Code | PA | |
Entity Tax Identification Number | 23-2003332 | |
Entity Address, Address Line One | 5000 South Broad Street | |
Entity Address, City or Town | Philadelphia | |
Entity Address, State or Province | PA | |
Entity Address, Postal Zip Code | 19112-1495 | |
City Area Code | 215 | |
Local Phone Number | 454-5500 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Common Stock, Shares Outstanding | 97,786,381 |
Please wait while we load the requested 10-Q report or click the link below:
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Urban Outfitters Inc.
Urban Outfitters Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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The leverage and decrease in selling, general and administrative expenses for the three months ended July 31, 2020 was primarily related to disciplined store payroll expense management, overall expense control measures and the benefit of COVID-19 related government relief 29 packages.
Our primary uses of cash have been to fund business operations, purchase inventory, expand our home offices and fulfillment centers, open new stores and repurchase our common shares.
The decrease in selling, general and administrative expenses for the six months ended July 31, 2020, was primarily due to disciplined store payroll expense management, overall expense control measures and the benefit of COVID-19 related government relief packages.
Capital and Operating Expenditures With the additional measures in place noted above under Impact of the Coronavirus Pandemic, during fiscal 2021, we plan to complete construction of a new omni-channel fulfillment center building in Europe, with the remaining materials handling equipment to be purchased and installed during fiscal 2021 for full operation in fiscal 2022, start construction on a new omni-channel fulfillment center in the United States, open approximately 21 new Company-owned retail locations, expand or relocate certain existing retail locations, invest in new products, markets and brands, purchase inventory for our operating segments at levels appropriate to maintain our planned sales, upgrade our systems, improve and expand our digital capabilities, invest in omni-channel marketing when appropriate and may repurchase common shares.
We believe that our new brand initiatives, new store openings, merchandise expansion programs, international growth opportunities and our marketing, social media, website and mobile initiatives are significant contributors to our Retail segment sales.
The deleverage in store occupancy...Read more
The deleverage in store occupancy...Read more
Although the Company's stores were...Read more
The $159.0 million decrease was...Read more
The $435.0 million decrease was...Read more
The increase in working capital...Read more
The decrease in our Retail...Read more
The decrease in our Retail...Read more
A store is considered to...Read more
The decrease in Wholesale segment...Read more
Selling, general and administrative expenses...Read more
30 Selling, general and administrative...Read more
The decrease in Wholesale segment...Read more
Cash provided by financing activities...Read more
During the three months ended...Read more
Gross profit percentage for the...Read more
Gross profit percentage for the...Read more
The decrease in inventory was...Read more
Impact of the Coronavirus Pandemic...Read more
Our effective tax rate for...Read more
Other than the impact of...Read more
The decrease in non-comparable net...Read more
The decrease in non-comparable net...Read more
Cash paid for property and...Read more
These assets were written down...Read more
If actual results were to...Read more
As a result, the Company...Read more
We believe that changes in...Read more
We believe that our existing...Read more
Our effective tax rate for...Read more
All available Company-owned Retail segment...Read more
Merchandise mark-up rate was flat...Read more
For both periods, our major...Read more
During the first six months...Read more
Additionally, we are implementing occupancy...Read more
The increase in expense for...Read more
During the last two years,...Read more
We plan for future store...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Urban Outfitters Inc provided additional information to their SEC Filing as exhibits
Ticker: URBN
CIK: 912615
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-20-042978
Submitted to the SEC: Wed Sep 09 2020 4:16:17 PM EST
Accepted by the SEC: Wed Sep 09 2020
Period: Friday, July 31, 2020
Industry: Retail Family Clothing Stores