Business
URBN COVID-19 Update
PHILADELPHIA, March 14, 2020 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a
About this update from Urban Outfitters, Inc.
[{"type":"text","content":"PHILADELPHIA, March 14, 2020 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly brands and the Food and Beverage division provides an update on COVID-19.\n The global spread of COVID-19 is affecting every one of us. The safety and health of our communities, including our loyal customers and dedicated associates, is always of the utmost importance to us. As far as we know, none of our employees have tested positive for COVID-19. In an effort to protect our communities, we have decided to close all of our stores around the globe. Stores will not reopen until at least March 28. We will continue to pay our store teams during this time. We will continue to operate our e-commerce and subscription businesses. In our offices globally, we have asked our corporate employees whose jobs allow them to work remotely to do so for the foreseeable future. We have divided employees who cannot work remotely into shifts to reduce density at our corporate offices and create social distance. We have also enhanced regular cleaning protocols in these spaces and stand ready to deeply and completely clean them as necessary. Because the situation is complex and evolving rapidly, our plans may change. We want to assure you that we are doing our best to protect our communities, and we look forward to the time when we realize that we have come through this, stronger than ever. 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 difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors...