President of Urban Outfitters Chain Exits
Urban Outfitters, Inc. announced today that the president of the underperforming Urban Outfitters banner has left after a short tenure.
Francis Pierrel joined the company in February of this year, and was in charge of the North American business, which has been struggling due to larger economic pressures and also execution misses.
Prior to joining Urban, Pierrel served as CEO of Club Monaco. Before that, he was president of stores and e-commerce for Ralph Lauren North America.
In Q3, the Urban Outfitters chain posted a 9% retail comp decline, with the North American business down double digits both in stores and online. By comparison, the Urban Outfitters brand in Europe recorded a 13% increase in retail comps.
“We appreciate the contributions (Francis Pierrel) made during his tenure and wish him well in his future endeavors,” the company said in a statement.