Urban Behavior

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Urban Behavior
Type private
Industry Apparel
Founded 1989
Headquarters Toronto, Ontario, Canada
Products Men's and Women's clothing, jeans ,shoes, and fashion accessories.
Parent Clothing for Modern Times

Urban Behavior is a unisex apparel retailer with 40 stores in Canada which sells private label clothing mostly designed out of Los Angeles. Most of the fashions change depending on the current trends, but the focus is on club wear.[1] The chain was founded in 1989 by Arif Noor.[2] The store is mostly popular with teens in the Greater Toronto Area. Urban Behavior's target market are teenage to young adult consumers with focus on affordability.[3] The Urban Behavior retail mix of company-branded fashion, casual clothing and accessories is geared toward both the male and female consumer.

Operations

Urban Behavior had stores located all across Canada, Eastern United States, and the Middle East. All mall based stores operate as unisex locations. The outlet locations in Toronto were divided along male and female clothing lines.

In July 2008, CMT America Corporation, Urban Behavior's corporate parent in the United States, filed for Chapter 11 bankruptcy. Many of the US stores have subsequently been closed. The company has maintained its Canadian stores and continues a wholesale presence in the United States.[4]

In June 2011, CMT Canada, Urban Behavior's corporate parent, filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to the provisions of the Bankruptcy and Insolvency Act (BIA”). The NOI is a restructuring process was not a liquidation or Bankruptcy. Approximately 24 of the existing 120 store locations across Canada were planned to be closed by August 31.[5] The liquidation outlet centres in Toronto are now closed and many stores across Canada closed. The few Urban Behavior locations remaining do not carry the name of the clothing label and only the banner in front of the stores were retained.

References

  1. ↑ Urban Behaviour is style...
  2. ↑ The Internet Fashion Database Retrieved and verified on 2011-05-29
  3. ↑ Company website
  4. ↑ Toxic Economy Shutters More Stores
  5. ↑ December15, 2011 hearing

External links

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