Franchising, retail, business
17/11/2015
Urban Outfitters Inc., a retailer known for selling quirky clothes and housewares, is making an offbeat acquisition of its own: an Italian restaurant chain.
The Philadelphia-based company has agreed to purchase the Vetri Family group of restaurants, including Pizzeria Vetri, according to a statement on Monday. Financial terms weren’t disclosed.
The Vetri Family restaurant group was started by Marc Vetri, a chef trained in Italy, and business partner Jeff Benjamin. Urban Outfitters isn’t a stranger to food service -- some of its bigger stores include cafes -- but acquiring a restaurant chain is an unusual move for a large retailer. The idea is to use Urban Outfitters to help the restaurants expand while Vetri Family focuses on the food, Marc Vetri said in the statement.
“It’s a perfect match,” he said.
Urban Outfitters has made other moves to diversify its operations. In recent years, the company created a gardening-focused offshoot named Terrain and a wedding brand called BHLDN. It’s now using products from those divisions to expand the selection of home goods at its Anthropologie chain.
Sales in the broader retail industry remain sluggish -- partly because of a slowdown in foot traffic at U.S. malls -- and that’s weighed on Urban Outfitters’ stock. The shares have fallen 34 percent this year, including a drop of 6 percent on Monday. The company plans to report its quarterly earnings after the market closes.
Urban Outfitters Inc., a retailer known for selling quirky clothes and housewares, is making an offbeat acquisition of its own: an Italian restaurant chain.
The Philadelphia-based company has agreed to purchase the Vetri Family group of restaurants, including Pizzeria Vetri, according to a statement on Monday. Financial terms weren’t disclosed.
The Vetri Family restaurant group was started by Marc Vetri, a chef trained in Italy, and business partner Jeff Benjamin. Urban Outfitters isn’t a stranger to food service -- some of its bigger stores include cafes -- but acquiring a restaurant chain is an unusual move for a large retailer. The idea is to use Urban Outfitters to help the restaurants expand while Vetri Family focuses on the food, Marc Vetri said in the statement.
“It’s a perfect match,” he said.
Urban Outfitters has made other moves to diversify its operations. In recent years, the company created a gardening-focused offshoot named Terrain and a wedding brand called BHLDN. It’s now using products from those divisions to expand the selection of home goods at its Anthropologie chain.
Sales in the broader retail industry remain sluggish -- partly because of a slowdown in foot traffic at U.S. malls -- and that’s weighed on Urban Outfitters’ stock. The shares have fallen 34 percent this year, including a drop of 6 percent on Monday. The company plans to report its quarterly earnings after the market closes.
L’idea di creare un blog giornaliero per il mondo del retail nasce grazie ai continui feedback positivi che riceviamo dalle notizie condivise attraverso diversi canali.
Rivolto a tutte le tipologie di distribuzione presenti sul mercato: dal dettaglio ai grandi mall, dal commercio locale e nazionale alle catene di negozi internazionali, investitori, ai nostri fedeli clienti e chiunque altro è realmente interessato allo studio e all'approfondimento su ciò che guida il comportamento dei consumatori. E' anche un blog per tutti coloro i quali lavorano già nel mondo del Retail.
Verranno condivise le loro esperienze, le loro attitudini e le loro experties. Un blog di condivisione, quindi.
Ospitato sul sito della BRD Consulting, che da decenni lavora nel mondo distributivo Italiano ed Internazionale, il blog Store in & out riguarderà il business, i marchi e i comportamenti d'acquisto propri di alcune delle più grandi aziende.
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