Adams Publishing Group To Acquire 13 Montana Newspapers (mediapost.com)

Urban Outfitters, Inc. announced that Francis Pierrel, President, Urban Outfitters Group, has left the Company. We appreciate the contributions he made during his tenure and wish him well in his future endeavors. Urban Outfitters, Inc. offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands.

Pennsylvania is the latest state that could stop jurisdictions from paying newspapers for publishing their legal notices. The State Senate whip, Sen. Ryan Aument (R), is calling for a study to assess the cost of paid public notices. This would include all locales statewide. That study, he wrote, “will go a long way to helping the Legislature decide if continued advertising in print newspapers is still the best method to ensure this important information reaches the public.”

Financial and Business Highlights: *Gross revenue was $261.4 million in the first quarter of 2020, a decrease of 2% compared to $267.2 million in the first quarter of 2019. Excluding currency impact, gross revenue decreased 1% in the first quarter of 2020. *Gross profit was $63.4 million, or 24.3% of gross revenue in the first quarter of 2020, compared to $62.0 million, or 23.2% of gross revenue, in the same period of last year. *Net loss for the first quarter of 2020 was $(2.8) million, or $(0.15) per diluted share, compared to net loss of $(2.0) million, or $(0.04) per diluted share in the first quarter of 2019.