Urban Outfitters closed six company-owned stores across its brands in the six months ended July 31, 2026, and expects to close about 18 locations during fiscal year 2027, according to its second-quarter earnings report. The closures, which included five in North America and one in Europe, came as the retailer opened 23 locations in the same period and plans about 54 new stores this fiscal year, including 21 FP Movement, 12 Free People, 12 Anthropologie, and eight Urban Outfitters stores. The company reported record results for the eighth consecutive quarter, with net sales up 10.4% year over year to $1.66 billion and adjusted diluted EPS up 9% to $1.72. Urban Outfitters is refreshing its store concept to better serve Gen Z shoppers, balancing closures with openings to optimize its footprint. Other mall retailers, including H&M, Dick's Sporting Goods, Inditex, and Nike, have also closed stores this year as the industry faces slow growth and changing consumer habits.
Urban Outfitters IncReports record Q2 results with net sales up 10.4% and adjusted EPS up 9%, driving positive sentiment.
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