Urban Outfitters, Inc. Joins NASDAQ-100 Index
PHILADELPHIA, Dec. 9, 2005 (PRIMEZONE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle consumer products company operating under the Urban Outfitters, Anthropologie and Free People brands, is pleased to announce that the Company has been selected for inclusion into the NASDAQ-100 Index(r), effective with the market open on Monday, December 19, 2005.
"It is a great honor for me and the entire Urban family to be selected to join a list with such outstanding companies," said Richard A. Hayne, Chairman and President. "We thank the folks at NASDAQ for helping us to achieve the growth that allows us to be included in the NASDAQ 100 and we thank them for their vote of confidence in our vision for the future of our Company."
Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler which offers a variety of lifestyle merchandise to highly defined customer niches through 87 Urban Outfitters stores in the United States, Canada, and Europe; an Urban Outfitters web site and catalog; 76 Anthropologie stores in the United States; an Anthropologie web site and catalog; and Free People, the Company's wholesale division, which sells its product to approximately 1,100 specialty stores, department stores and catalogs, as well as through 5 Free People stores, a catalog and web site.
This news release is being made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may constitute forward-looking statements. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, overall economic and market conditions and the resultant impact on consumer spending patterns, including any effects of terrorist acts or war, availability of suitable retail space for expansion, timing of store openings, seasonal fluctuations in gross sales, the departure of one or more key senior managers, import risks, including potential disruptions and changes in duties, tariffs and quotas and other risks identified in filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein.
CONTACT: Urban Outfitters, Inc.
John E. Kyees
Chief Financial Officer