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But it did close two Free People stores and one Anthropologie location. It did not report any Urban Outfitters store closures during that time. For the three months ending April 30, the company opened 12 new locations, including four Urban Outfitters stores. In Tuesday’s earnings call, the retailer reported revenue at $927 million, about 7 percent above the same pre-pandemic period in 2019. Mosbacher declined to comment and Urban Outfitters did not respond to requests for comment.
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It was also unclear precisely when the location closed, but its demise was mourned by fans who took to Twitter. It extended that lease but the term was not known. It leased the 26,500-square-foot space from Mosbacher Properties Group, property records show.Īs of 2015, when its lease was scheduled to expire, the company paid approximately $68 a foot for ground-floor, cellar and subcellar space. Urban Outfitters had been at its two-story spot at 526 Sixth Avenue since 1999. A strong first quarter earnings report the company turned in, which sent the stock rising Wednesday morning, couldn’t help the Manhattan location. Most mask mandates are gone and the number of people vaccinated is up, but the pandemic isn’t over for retailers.Ĭase in point Urban Outfitters, whose longtime store near Union Square is now closed, according to its website. Urban Outfitters at 526 Avenue Of The Americas (Google Maps, Getty)