Urban Behavior

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Urban Behavior
Subsidiary
Industry Apparel
Founded 1989
Defunct 2012
Headquarters Toronto, Ontario, Canada
Products Men's and Women's clothing, jeans, shoes, and fashion accessories.
Parent YM Inc. (2012–present)

Urban Behavior is a unisex apparel retailer with 40 stores 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] and has since been acquired by YM Inc.

The store is mostly popular with people trying to keep up with taday’s fashion trend. Urban Behavior's target market are teenage to young adult consumers with focus on affordability.[3]

Operations[edit]

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 and did not proceeded to a liquidation or bankruptcy of the retailer. 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 were closed and many stores across Canada were closed. The handful of Urban Behavior locations (Woodbine Centre in Greater Toronto Area is the only known one still operating with the name) remain but they no longer carry the name on their clothing lines and only the banner in front of the stores were retained. The location at Vaughan Mills is now an Urban Planet location.

References[edit]

  1. ^ "Urban Behaviour is style..." Archived from the original on 2008-06-15. Retrieved 2008-07-02. 
  2. ^ The Internet Fashion Database Archived 2011-05-14 at the Wayback Machine. Retrieved and verified on 2011-05-29
  3. ^ Company website
  4. ^ Toxic Economy Shutters More Stores
  5. ^ December15, 2011 hearing

External links[edit]