Urban Outfitters, Inc. Appoints Kelly Campbell to the Board of Directors

Rhea-AI Summary

Urban Outfitters, Inc. (NASDAQ: URBN) announced on December 9, 2021, the expansion of its Board from 10 to 11 members, with the election of Kelly Campbell as an independent director. Effective December 7, 2021, Campbell brings extensive experience in digital marketing, having previously served as President and CMO of Hulu and held leadership roles at Google. Chairman Richard A. Hayne expressed confidence that her expertise will enhance the company's digital strategies. Urban Outfitters operates various global consumer brands, including Anthropologie and Free People.

Positive

• Addition of Kelly Campbell to the Board enhances digital marketing expertise.
• Expected positive impact on digital strategies due to Campbell's experience.

Negative

• None.

PHILADELPHIA, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ: URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly Rent, Nuuly Thrift and Menus & Venues brands, today announced that, effective December 7, 2021, it had expanded the size of its Board from 10 to 11 and elected Kelly Campbell as a Director. The addition of Ms. Campbell further expands the digital marketing expertise that resides on the Board.

Ms. Campbell is an accomplished executive with an extensive background in marketing. Prior to her current role as President, Peacock, Ms. Campbell served as President and Chief Marketing Officer of Hulu, where she played a key role in accelerating the service’s growth and momentum. Prior to Hulu, Campbell spent more than a decade at Google where she held a variety of leadership and marketing roles across the Google Ads and Google Cloud businesses.

“We are delighted to have Kelly Campbell join our Board as an independent director,” said Richard A. Hayne, Chairman of Urban Outfitters, Inc. “She brings a wealth of knowledge and experience about marketing and subscription businesses which will help inform our digital strategies,” finished Mr. Hayne.

Urban Outfitters, Inc., offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 260 Urban Outfitters stores in the United States, Canada and Europe and websites; 242 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 170 Free People Group stores in the United States, Canada and Europe, catalogs and websites, 9 Menus & Venues restaurants, 2 Urban Outfitters franchisee-owned stores and 1 Anthropologie Group franchisee-owned store, as of October 31, 2021. Free People, FP Movement and Urban Outfitters wholesale sell their products through department and specialty stores worldwide, digital businesses and the Company’s Retail segment.

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 contain forward-looking statements. When used in this release, the words “project,” “believe,” “plan,” “will,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. 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 impacts of public health crises such as the coronavirus (COVID-19) pandemic, overall economic and market conditions and worldwide political events and the resultant impact on consumer spending patterns, 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, the effects of the implementation of the United Kingdom's withdrawal from membership in the European Union (commonly referred to as “Brexit”), including currency fluctuations, economic conditions and legal or regulatory changes, any effects of war, terrorism and civil unrest, natural disasters, severe or unseasonable weather conditions (including as a result of climate change) or public health crises, increases in labor costs, increases in raw material costs, availability of suitable retail space for expansion, timing of store openings, risks associated with international expansion, seasonal fluctuations in gross sales, response to new concepts, our ability to integrate acquisitions, risks associated with digital sales, our ability to maintain and expand our digital sales channels, any material disruptions or security breaches with respect to our technology systems, the departure of one or more key senior executives, import risks (including any shortage of transportation capacities or delays at ports), changes to U.S. and foreign trade policies (including the enactment of tariffs, border adjustment taxes or increases in duties or quotas), the closing or disruption of, or any damage to, any of our distribution centers, our ability to protect our intellectual property rights, failure of our manufacturers and third-party vendors to comply with our social compliance program, risks related to environmental, social and governance activities, changes in our effective income tax rate, changes in accounting standards and subjective assumptions, regulatory changes and legal matters and other risks identified in our 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:	Oona McCullough
	Executive Director of Investor Relations
	(215) 454-4806

FAQ

Who is Kelly Campbell and what experience does she bring to Urban Outfitters?

Kelly Campbell is the newly elected independent director of Urban Outfitters, bringing extensive marketing experience from her roles as President of Peacock and former CMO of Hulu, along with leadership positions at Google.

When was Kelly Campbell elected to the Urban Outfitters Board?

Kelly Campbell was elected to the Urban Outfitters Board on December 7, 2021, as part of the Board's expansion from 10 to 11 members.

What impact might Kelly Campbell's appointment have on Urban Outfitters?

Her appointment is expected to enhance Urban Outfitters' digital strategies due to her rich background in marketing and subscription services.

What are the main brands operated by Urban Outfitters?

Urban Outfitters operates several brands, including Anthropologie, BHLDN, Free People, FP Movement, Terrain, Nuuly Rent, Nuuly Thrift, and Menus & Venues.

What is the significance of expanding the Urban Outfitters Board?

Expanding the Board allows Urban Outfitters to enhance its governance and strategic oversight, particularly in digital marketing, which is crucial for the company's growth.