Urban Outfitters to open first Paris flagship store

According to real estate specialist Knight Frank, Urban Outfitters have picked a prime spot on Paris’ central rue de Rivoli.

Urban Outfitters will slot in between Mango and Intersport, taking over from Desigual at no. 146 on the popular commercial thoroughfare. The Spanish retailer had set up shop at the nearly 930 m2 rue de Rivoli premises in 2011, and closed down the store in summer 2016. The timing of the Urban Outfitters flagship store’s opening has not yet been announced.

The retailer distributes its own womenswear and menswear collections as well as other labels in its stores, and it currently operates over 200 shops worldwide. It is part of the URBN group (which also owns Anthropologie, Free People and Vetri Family), and features also a beauty, home decoration, gift and music range.

Urban Outfitters is starting to deploy more extensively in Europe. A few days ago, commercial real estate experts Cushman & Wakefield announced the brand’s arrival in Italy, via the opening of a flagship store which will open on Milan’s renowned corso Vittorio Emanuele.

In the 2016 fiscal year, the group’s net sales grew 3% to $3.5 billion (€3.3 billion). Comparable sales for the retail channel were up 1%, while those for the wholesale channel grew 11%

Source: http://hk.fashionnetwork.com