The American lifestyle group reported net sales of $1.09 billion in the fourth quarter on Tuesday, representing a year-over-year decline of 6.9% which was largely due to reduced store traffic and occupancy restrictions.
The lifestyle group reported has that coronavirus-related restrictions led to an 8.4% decline in its holiday 2020 sales. The company has also revealed that Sheila Harrington is taking over as CEO of its flagship brand.
Iets Frans, the loungewear line exclusive to Urban Outfitters, has opened a two-level store at 44 Carnaby Street in London. It's the label's very first standalone and it's also exploring wholesale deals.
The apparel and footwear company announced on Tuesday that it has named former Dr Martens CEO Steve Murray as the new global brand president of The North Face and implemented broader organizational changes.