The company is on track with store openings as well, with 23 opened so far this fiscal year and another 15 to be opened by the end of December. A new division of the company, Free People, only has 13 stores, along with a website and a catalog, but company executives said during a conference call Thursday that they think the new offering can grow. "We expect 12-15 Free People stores next year," said Glen Senk, CEO, during the call. "We were saying that we could be one day at 100 stores, but now based on the success on both coasts…I think the number's probably much, much larger."
There are a few other store initiatives in the works, Senk said. The firm is looking to launch its fourth concept, Terrain, next year, though the executives refused to provide any details. Also, Senk told analysts during the call that the company hopes to open its first Anthropologie store in Europe in 2010. "In fact, our real estate group is leaving to do the initial exploration next week," he said during the call.
The company no has 117 Urban stores in the US, Canada and Europe. There are also 100 Anthropologie stores across the nation.
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