Urban Outfitters began in 1972 as the Free People Store in Philadelphia, Pennsylvania. The company was founded by current CEO Richard Hayne and Scott Belair. The two were roommates at Lehigh University.
In 1976, the store was moved to a larger building and renamed to Urban Outfitters.
In 1980, a second store was opened in Cambridge, MA.
In 1987, Kenneth Cleeland was hired as CFO. Cleeland cleaned up the books and helped Hayne open 6 more stores in the following 3 years.
In 1992, the first Anthropologie store was opened in Wayne, PA.
Today, Urban Outfitters operates over 400 retail locations under five brands: Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN.