The Urban Outfitters store on Broad Street in Red Bank is among the 200 locations in the United States, Canada and Europe that the retail clothing chain will shut down to address the global spread of COVID-19, the parent company announced Saturday evening.
Urban Outfitters, the owner of national clothing chains with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter, even as stores that had been open more than a year struggled to match last year’s performance.
The Philadelphia-based company’s Urban Outfitters brand, which includes a store at Broad and West Front streets in Red Bank, saw a 16-percent jump in sales from the comparable period of a year ago, to $415 million, it reported.
Urban Outfitters, a national clothing chain with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter.
The Philadelphia-based company’s Urban Outfitters brand, which has a store at Broad and West Front streets in Red Bank, saw a 10-percent jump in sales from the comparable period of a year ago, to $356 million, it reported.
Urban Outfitters, one of the few national retail chains with a presence in downtown Red Bank, reported Monday that its sales rose in its third fiscal quarter.
Net income for the Philadelphia-based clothing retailer was down sharply, however.
The crowd outside the Red Bank Urban Outfitters store before this year’s KaBoom fireworks show. (Click to enlarge)
Clearance sales helped boost Urban Outfitters to the highest quarterly sales in its history, the clothing retailer reported Monday.
But markdowns also led to lower profits at the Philly-based company, which has had a store in downtown Red Bank since November, 2009. Results are not disclosed by location.
Windows and doors were installed recently on the store’s site at the corner of Broad and West Front Streets.
The scaffolding that encloses the sidewalk is still up, but bit by bit, the temporary plywood sheathing has been coming down, giving passersby a peak into what many regard as the best hope for an economic rebound in downtown Red Bank.
We’re talking about the big new Urban Outfitters clothing and household goods store scheduled to open sometime next month at 2 Broad Street.
Company officials did not respond to a messages seeking verification that the store will open November 19.
But the company’s website has some promising news for jobseekers in the retail sector.
Can you manage it? The clothing and household-goods merchant is looking someone to run its Red Bank store when the wraps come off at 2 Broad.
Retailer Urban Outfitters, which has been mum on its plans to open a store in Red Bank, has finally acknowledged the move.
It comes in the form of a job posting for store manager at the emporium planned for 2 Broad Street, at the corner of West Front.
When the wraps come off, the retailer is expected to occupy all the street-level space formerly divided among four businesses.
After months of speculation, it’s official: Urban Outfitters is coming to Red Bank, delivering what retailers hope will be a caffeine jolt of foot traffic to an increasingly lethargic downtown scene.
Keith Alliotts, owner of 2-10 Broad Street, confirmed today that the youth-market clothing and apartment-goods retailer has signed a multiyear lease on 10,000 square feet of street-level retail.
He told redbankgreen that Urban would be taking possession of the space in the late summer or early fall, and “they’ll probably have a few months” worth of customizing to do before opening for business.
The deal, which had been said to be pending for months, has been widely viewed as a potential game-changer for the business district, which has seen as many as 40 storefronts vacant in recent months.
Business owners regard Urban as a powerful magnet able to draw not only large crowds of young, credit-card wielding shoppers and their parents into town, but household starters on a budget. They’re drawn by the store’s offerings of bedding, tableware and other items.
“Wow, that’s wonderful news,” said Margaret Mass, director of the Red Bank Visitors Center. “It couldn’t come at a better time. We’ll be expecting lots of new visitors.”
The company occupies the ground floor at the busy corner of Broad and West Front streets. (Click to enlarge)
By JOHN T. WARD
Sales revenue was up six percent at Urban Outfitters in the second fiscal quarter, the parent company of the clothing-and-tchotchkes chain announced Monday.
The news prompted a 17-percent surge in price for the company’s shares, Bloomberg reported.
A trio of Urban Outfitters fans, led by Middletown resident Amie Falk, walk out of the store happy on its opening day Thursday. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
They pulled the hulking glass door and trickled into Red Bank’s most anticipated business. They were greeted by a cadre of upbeat employees and set loose into a few thousand square-feet of the area’s newest hip retail wonderland.
And for those customers who hit Urban Outfitters in its first couple hours on Thursday, the experience didn’t disappoint.
“It was great,” said Amie Falk, of Middletown, summing up her shopping experience.
Falk arranged to meet with friends at the store for a morning of shopping, and by the time the group was finished, they came to a conclusion that will sound like music to local merchants.
“This store will definitely bring me to Red Bank more often,” said Darlene Weltman, of Atlantic Highlands.
An unidentified Urban Outfitters employee checks out a window display as a pair of passersby does the same Tuesday night.
By DUSTIN RACIOPPI
Two young women rounded the corner of Broad Street Monday night and headed left on West Front Street, their eyes fixed on a retail medley going on behind the tall glass windows.
The twentysomethings behind the glass were putting the finishing touches on display racks and examining the trendy looks of mannequins that just days ago lined the store’s inner perimeter as nothing more than nondescript plastic molds.
“I’m so excited for you, Urban Outfitters,” said one of the women as she looked into the window before disappearing from West Front’s sidewalk.
Given the Philadelphia-based giant’s international success, it’s no surprise there might be consumers chomping at the bit for Urban to open it’s doors to the public on Thursday. But on the periphery of Urban Outfitters’ enchanting mass of real estate at 2-10 Broad Street, there’s a contingent that can match the public’s excitement and trump it with hope Red Bank’s small business owners.
Upper-floor scaffolding came down earlier this week at the future home of an Urban Outfitters store at the corner of Broad and West Front streets.
Looks like the parent company of Urban Outfitters, which is scheduled to open one of its housewares and clothing stores in downtown Red Bank next week, will arrive with a head of steam.
Philly-based Urban Outfitters Inc. today reported record third-quarter earnings of $62 million, up five percent from a year ago, and a six-percent jump in sales, to $506 million.
But a comparison of results at stores open in both periods shows that while sales at the company’s Anthropologie chain rose three percent, they were down five percent at Urban Outfitters stores and down two percent across all chains, which also include Free People and Terrain.
There’s just one week to go before the much-anticipated opening of an Urban Outfitters in downtown Red Bank, if second-hand reports are to be believed. (The Philly-based company hasn’t said a word publicly about when the store will open, and doesn’t respond to inquiries about it.)
Work continues on the planned Urban Outfitters store at 2 Broad Street in Red Bank.
By DUSTIN RACIOPPI
Just a couple hours into Urban Outfitters‘ marathon job fair on Wednesday, there was certainly a deluge at the Oyster Point Hotel. Just not the one that may have been anticipated.
Sometimes in small bunches, but mostly one-by-one, young job seekers dressed in the cutting edge, kitschy fashion that Urban Outfitters specializes in trickled into the Red Bank hotel from a downpour outside.
Over the course of an hour, about a dozen people showed made their way to a second-floor ballroom to fill out applications and interview for positions at the clothing store, which is set to open sometime next month.
The future home of Urban Outfitters, as seen in late February.
Located at Broad and West Front streets, Saxum’s latest acquisition has Urban Outfitters as its sole ground-floor tenant. (Photo by John T. Ward. Click to enlarge)
By JOHN T. WARD
A Morris County-based real estate investment firm has acquired one of downtown Red Bank’s oldest and most prominent commercial structures.
The purchase of the home of an Urban Outfitters store by an arm of Saxum Real Estate is the firm’s third major investment in the town in the past 18 months, and the first for occupied space.
After a long-overdue sprucing-up and revival as office space, a prominent building in downtown Red Bank changed hands late last month, redbankgreen has learned.
A view of Broadwalk at lunchtime last October. (Photo by John T. Ward. Click to enlarge.)
By JOHN T. WARD
Red Bank merchants and residents pressed officials with concerns regarding a third season of Broadwalk at a community forum Wednesday night.
With less than a month to go before a disruptive streetscape makeover project wraps up, they called for efforts to address litter, traffic, speeding on residential streets and more.
Rice Box lasted less than a year at 21 Monmouth Street, but another restaurant is preparing to replace it. (Photo by John T. Ward. Click to enlarge)
By JOHN T. WARD
Greek food replacing Thai. A new coal-fired pizzeria. A juice bar. A new home for an investment office.
Read all about the latest signs of change in downtown Red Bank in this edition of redbankgreen‘s Retail Churn.
It’s easy to miss, but there’s a new sign on the facade of 55 Broad Street in Red Bank.
‘Provention Bio’ says the marker, installed without fanfare on the building its owner/developer has dubbed ‘The Vault.’
What’s Going On Here? Read on.
Customers dining in the sidewalk seating area of Robinson Ale House on Broad Street in 2018. (Photo by John T. Ward. Click to enlarge.)
By JOHN T. WARD
Red Bank officials have formed a committee to “creatively expand outdoor capacity for restaurants and retail sales” as the town embarks on a post-COVID-19 recovery.
One idea the committee is expected to chew over: use of public spaces for outdoor dining.
After seven years of vacancy, the former Smith Barney building at 55 Broad Street in Red Bank had apparently just landed a new tenant. And then: COVID-19.
With the brickwork of the Urban Outfitters building across the street reflected in glass, workers applied brick to the facade of 7 Broad Street in Red Bank Tuesday. And over on Wallace Street, a mason repointed existing brick above Rocky’s Barber Shop.
The Greater Red Bank Green, along with the entire eastern and central parts of the United States, is expected to feel like a brick oven in coming days. According to the National Weather Service, dangerously hot conditions will arrive Wednesday, with “feels like” temperatures getting as high as 106 degrees. Excessive heat will may return Friday and persist through the weekend. Read the NWS heat advisory for more details.
Wednesday night, there’s also a chance of thunderstorms accompanied by high winds, lightning and flash flooding.
Check out the extended forecast below. (Photos by John T. Ward. Click to enlarge.)
A rendering of the Riverside Avenue side of the multiuse project proposed for the former Visiting Nurse Association headquarters site. (Plan by Dynamic Engineering. Click to enlarge.)
By JOHN T. WARD
What could be the largest development project in Red Bank history would put 210 living units and more on a 2.7-acre parcel, redbankgreen has learned.
The project proposed by Saxum Real Estate would also include a 326-vehicle parking garage, co-working space and retail or restaurant space, according to a detailed plan filed last month.
The Sidewalk Sale returns to Red Bank this weekend for its 62nd annual edition.
Regular readers of redbankgreen‘s Retail Churn feature can vouch that things often move at a brisk clip in the business district of a town that the New York Times recently touted for its “urban vibe.”
But one thing that’s remained a model of consistency amid the churn is the Red Bank Sidewalk Sale, the 62nd annual edition of which returns Friday and runs through Sunday.