Wednesday, April 1, 2020

Urban Outfitters says it won't pay rent

Retail Dive
Urban Outfitters on Tuesday said it won’t pay rent for an undisclosed amount of time and is delaying the opening of new stores, while existing stores remain "temporarily closed until further notice due to the continued spread of COVID-19."​

The company, whose brands include Anthropologie, Free People and Urban Outfitters, also said that beginning Wednesday "a substantial number of store, wholesale and home office employees" will be furloughed for 60 days, but will continue to get benefits.. . . more