Urban Outfitters to streamline store leadership, expects $8 million in one-time costs
Urban Outfitters said it is moving each of its brands to a more streamlined store leadership structure to become more efficient. The company estimates one-time costs of about $8 million, incurred over the first and second quarters of fiscal 2018, and annualized savings of about $25 million.
- One-time costs estimated at approximately $8 million, incurred over the first and second quarters of fiscal 2018
- Total future annualized savings estimated at approximately $25 million
- Change applies to each of URBN's brands, including Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters