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Urban Outfitters funds Santorum
by david Wednesday July 02, 2003 at 01:22 PM

urban outfitters: liberal face, neo-conservative soul

though i doubt any imc readers buy from urban outfitters, we're always on the lookout for the capitalism's inherent contradictions. here's a good example:

"DESPITE ITS SLACKER AURA and carefully calibrated antiestablishmentarian cachet, Urban Outfitters Inc. is in fact a very Establishment, hypercapitalist multinational retail concern with 51 stores in North America and flagship locations in London, Dublin and Glasgow.

Urban Outfitters also owns and operates 40 Anthropologie stores (the 41st store opens this Friday), which peddle a variety of upscale apparel and housewares to women aged 30 to 45. The company also markets a wholesale line of housewares and apparel called Free People to approximately 1,100 retail clients.

In fiscal year 2003, a year when most retailers' bottom lines crapped out, Urban Outfitters opened 13 new stores and posted a company record of $423 million in sales--with net profits jumping up a whopping 83 percent over the previous year to $27.4 million.

But the difference between stage-crafted storefront image and corporate reality doesn't end there. It extends all the way to the top, to the man who built the company from scratch--Richard Hayne, Urban Outfitters' president and founder.

While the typical Urban Outfitters shopper is likely to be liberal-minded--as is the province and privilege of youth--the fiftysomething Hayne is mom-and-apple-pie conservative. He and his wife Margaret have contributed $13,150 to the campaign coffers of Paleolithic right-wing Republican Sen. Rick Santorum and his Political Action Committee over the years."

from phillyweekly
http://www.phillyweekly.com/archives/article.asp?ArtID=5725



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