"We think this is going to be a meaningful business," says CEO Glen T. Senk. "Anybody we talk to about this goes, 'Wow, that's exciting.'"
The average wedding costs $45,000, the company says, with brides spending about $4,500 on clothing and accessories. The new line could represent a happy marriage with Urban Outfitters'
long-term strategy to nurture six to eight "meaningful" brands, while not allowing one brand to grow so large that it loses value, Maykuth writes. It also operates Free People stores, a Terrain garden
center in Glen Mills, Pa., and the Leifsdottir wholesale line.
advertisement
advertisement