As of Jul 31, 2017, the company operated 612 total stores, including 245 Urban Outfitters stores, 225 Anthropologie stores (including 12 BHLDN stores and 3 Terrain garden centers), 130 Free People stores and 12 food & beverage stores.
In fiscal 2016, the company opened 29 new stores (4 UO, 10 ANTH, 15 FP) and closed 7 existing stores (2 UO, 3 ANTH, 2 FP). During the first half of fiscal 2018, the company opened 12 new stores (4 UO, 1 ANTH, 6 FP, 1 FB) and closed 6 existing stores (1 UO, 1 ANTH, 3 FP, 1 FB). The company plans to open 18 new stores (4 UO, 4 ANTH, 9 FP, 1 FB) and close 9 stores (2 UO, 2 ANTH, 4 FP, 1 FB) during fiscal 2018.
All stores are leased, typically for a term of 10 years with renewal options for an additional 5 to 10 years.
Urban Outfitters stores are located in large metropolitan areas, select university communities, specialty centers and enclosed malls, and average approximately 9,000 square feet of selling space. Anthropologie stores are located in specialty retail centers, upscale street locations and enclosed malls, and average approximately 7,500 square feet of selling space. Free People stores are located in enclosed malls, upscale street locations and specialty retail centers, and average approximately 2,000 square feet of selling space. Terrain garden centers are large and free standing sites, with approximately 18,000 square feet of enclosed selling space as well as approximately two acres of outdoor seasonal selling space. BHLDN stores have approximately 3,300 square feet of selling space and are located in specialty retail centers. Total square feet is typically about 30% more than selling space at each store.
|Total gross square feet (M)||5,448||5,331||5,100||4,946||4,544||4,304|
|Total gross square feet growth||2.4%||4.5%||3.1%||6.6%||5.6%||7.9%|
|Avg store gross sq ft||22,200||9,000||8,900||9,100||8,900||9,000|
|Avg store gross sq ft growth||147.4%||0.7%||-1.6%||-0.2%||-1.6%||-2.8%|
Notes:Calculated based on reported selling square footage and company-provided figures that selling space in the average store comprises approximately 77.5% of total square footage