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NoneA new report suggests London is falling behind when it comes to housing starts. That’s despite a rapid rise in building permits issued in the city in the past year. “London’s kind of in the middle of the pack. We’re not doing too badly, but there’s certainly I think room for improvement,’ explained economist Mike Moffatt, the Founding Director of the Smart Prosperity Institute. The Ontario based economic think tank has released a report ranking the 100 biggest cities and towns in Canada on their homebuilding record over the last six years. It shows London’s rank at number 47, despite its ballooning population. According to the report, London averaged 37 housing starts per 1,000 residents in the six-year period beginning July 1, 2018. That compares with number one ranked Burnaby, B.C., which recorded 91.8 housing starts per 1,000 residents. Moffatt said London’s middle of the pack position in the rankings is due to a number of factors. “Land costs and availability absolutely play a role,” he said. “Development charges play a role. In the city of London development charges are $47,000 on a single detached home. 20 years ago, they were $5,000. That’s three to four times higher than they are in many surrounding communities.” But the city said it’s doing its part to get shovels in the ground. Speaking last week at an affordable housing announcement, Mayor Josh Morgan said London is a leader when it comes to issuing building permits. “And we are making tremendous progress on the council permission side,” said Morgan. “We, a couple years ago, approved about 4,000 units a year. Last year, we approved about 5,000 units. This year, so far, we’ve approved over 22,000 units. So, we have significantly ramped up our permissions for housing across this community, and we’re now seeing those permissions start to come to fruition.” The London Development Institute, which represents industry, said once planning begins on a property, it can take five to seven years to actually get shovels in the ground. Executive Director Mike Wallace said the city has been working with industry to shorten that timeframe. “The actual pulling of a permit is to actually dig the basement, whether it’s a high-rise or a single-family home,” Wallace said. “Determining that is often market conditions, crews being available to be able to actually do the work.” London’s position in the rankings may seem modest, but it’s certainly not alone. The report shows Ontario lagging behind much of the rest of the country overall. Citing data from the Canada Mortgage and Housing Corporation, the Smart Prosperity institute said, “from January to October 2024, Ontario started 13,000 fewer homes than the previous period last year, while the rest of Canada started 14,000 more homes.” In fact, only Pickering, Oakville, and London’s neighbour, Kitchener, cracked the top 20 for housing starts in Canada, and nine, 12 and 16, respectively. 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Marie Sault College accounting students get a head start on their careers Investigation explains why plane overran runway in the Sault in 2023 Unattended cooking to blame for North Bay house fire, landlord fined Ottawa uOttawa to reconsider participation in U-Pass if city increases student fares, student union says McDonald's Canada CEO not ruling out a return to the ByWard Market From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief Toronto Taylor Swift's motorcade spotted along Toronto's Gardiner Expressway Mother charged after infant dies in midtown Toronto: police From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief Montreal Police respond to Pro-Palestinian protest at Concordia University Quebec fiscal update: $2.1B in new spending, end of tax credit for some older workers Northvolt says Quebec battery plant will proceed despite bankruptcy filing Atlantic From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief 'This is cold': P.E.I. mother upset over decision to remove late daughter's photos from school memorial wall Fall storm expected this weekend for the Maritimes Winnipeg Manitoba RCMP issue Canada-wide warrant for Ontario semi-driver charged in deadly crash 1991-2024 | Winnipeg Sea Bears player Chad Posthumus dies at 33 Winnipeg police 'not able to substantiate' reports of armed man at U of M Calgary LIVE at 3:30 | Alberta to announce auto insurance reforms Thursday afternoon Winning Lotto 6-49 ticket bought in Calgary worth $1M From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief Edmonton Alberta forecasts $4.6B surplus in budget update, but braces for uncertainty LIVE at 3:30 | Alberta to announce auto insurance reforms Thursday afternoon 'They’re not listening': Some Dunluce residents unhappy with city's renewal plans Regina Contractor fatally injured while on the job at Regina's Evraz plant 'I'll always be a Pat': Regina Pats trade captain Tanner Howe to Calgary Sask. 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Nebraska will be trying to preserve its perfect in-state record when it hosts South Dakota on Wednesday night in a nonconference game in Lincoln, Neb. The Cornhuskers (4-1) are 3-0 at home and also won Friday at then-No. 14 Creighton, beating their in-state rivals on the road for the second straight time. But the last time they did that, in 2022, they followed that win with a 16-point loss at Indiana to open Big Ten Conference play. "Believe me, we've addressed a lot of things," Nebraska coach Fred Hoiberg said. "A lot of people are saying some really positive things. You've got to find a way to put that behind you. I've liked how our team has responded and come back to work after that great win at Creighton." Brice Williams leads the Cornhuskers with 18.2 points per game and was one of five players in double figures against Creighton. Juwan Gary topped the list with 16. South Dakota (6-2) comes to town off a 112-50 home win Monday night over Randall, the third non-Division I school it has beat. The Coyotes' last game against a D1 opponent was Friday at Southern Indiana, resulting in a 92-83 loss. This will be South Dakota's second nonconference game against a Big Ten opponent, after a 96-77 loss at Iowa on Nov. 12. In December, the Coyotes also visit Santa Clara, hovering near the top 100 in KenPom adjusted efficiency, before jumping into Big Sky play. "The schedule is very good and that should help us," third-year South Dakota coach Eric Peterson said before the season. "We have some good nonconference games that should help prepare us for the end of the season." Nebraska has held four of its opponents to 67 or fewer points, with Saint Mary's the only one to top that number in the Cornhuskers' lone loss. Opponents are shooting 38.1 percent this season. South Dakota shot below 40 percent in its two previous games before shooting 62 percent against Randall. Isaac Bruns, who scored 20 to lead South Dakota in the Randall game, paces the Coyotes with 12.9 points per game. --Field Level Media

"We had another outstanding quarter with record revenue and positive Adjusted EBITDA...We are very excited with our VSDHOne release and onboarding clients to increase our growth pace” - Shane Madden, CEO of Hydreight VANCOUVER, British Columbia and LAS VEGAS, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (" Hydreight ” or the "Company ”) ( TSXV: NURS )( OTCQB: HYDTF )( FSE: SO6 ), a fast-growing mobile clinical network and medical platform which enables flexible at-home medical services across 50 states in the United States, is pleased to announce its financial results for the third quarter ended September 30, 2024. All financial information is presented in Canadian dollars unless otherwise indicated. Summary of Q3, 2024 Financial Highlights: The Company believes the following Non-GAAP 1 financial measures provide meaningful insight to aid in the understanding of the Company's performance and may assist in the evaluation of the Company's business relative to that of its peers: The table below sets out a summary of certain financial results of the Company over the past eight quarters and is derived from the audited annual consolidated financial statements and unaudited quarterly consolidated financial statements of the Company. After Taxes Income (Loss) Income (Loss) Per Share The Company has experienced dramatic user growth over the past two years as can be seen by the consistent revenue growth over the past eight quarters. The Company continues to deliver on its mission of building one of the largest mobile clinical networks in the United States. Through its medical network, pharmacy network and proprietary technology platform that adheres to the complex healthcare legislation across 50 states, Hydreight has provided a fully integrated solution for healthcare providers to become independent contractors. Hydreight remains focused on its strategic priorities of (1) Profitability (2) adding more product and service offerings for its customers, (3) introducing Hydreight story with more potential shareholders (4) driving white label partnerships and Nurses to the platform and (5) looking for strategic tuck in M&A opportunities to scale and grow the business quickly and efficiently . Hydreight will continue to invest into its technology to ensure continuous improvements, advancements and updates adhering to changes within the healthcare industry. Please see SEDAR + for the Company's condensed interim consolidated unaudited financial statements and MD&A for the three and six months ended September 30, 2024 and 2023 and for the Company's audited annual consolidated financial statements and MD&A for the year ended December 31, 2023 and 2022. About VSDHOne - Direct to Consumer Platform In a partnership with two other parties, Hydreight Technologies launched the VSDHOne (Read as VSDH-One)platform. VSDHOne simplifies the entry challenges for companies and medi-spa businesses to enter the online healthcare space compliantly. This platform will help all businesses to launch a direct-to-consumer healthcare brand in a matter of days in all 50 states. Compliant offerings include: GLP-1s (semaglutide, tirzepatide), peptides, personalized healthcare treatments, sermorelin, testosterone replacement therapy ("TRT”), hair loss, skincare, sexual health and more. Hydreight invested in technology, legal and infrastructure to launch this platform. The VSDHOne platform offers a complete, end-to-end solution for businesses looking to launch direct-to-consumer healthcare brands. From compliance and telemedicine technology to nationwide doctor and pharmacy networks, VSDHOne provides all the tools needed for a seamless entry into the online healthcare space. The platform is designed to significantly reduce the time and costs associated with launching such services, making it possible for businesses to go live in days instead of months. About Hydreight Technologies Inc. Hydreight Technologies Inc. is building one of the largest mobile clinic networks in the United States. Its proprietary, fully integrated platform hosts a network of over 2500 nurses, over 100 doctors and a pharmacy network across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking, and managing patient data, which enables licensed healthcare professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. The Hydreight platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network. On behalf of the Board of Directors Shane Madden Director and Chief Executive Officer Hydreight Technologies Inc. Contact Email: [email protected] ; Telephone: (702) 970 8112 This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Use of Non-GAAP Financial Measures: This release contains references to non-GAAP financial measures Adjusted Revenue (also referred to as Topline Revenue), Adjusted Gross Margin, and Adjusted EBITDA. The Company defines Adjusted Revenue as gross cash income before adjustment for the deferred portion of business partner contract revenue and gross receipts from Hydreight App service sales. The Company defines Adjusted Gross Margin as GAAP gross margin plus inventory impairment plus the deferred portion of business partner contract revenue. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization and before (i) transaction, restructuring, and integration costs and share-based payments expense, and (iii) gains/losses that are not reflective of ongoing operating performance. The Company believes that the measures provide information useful to its shareholders and investors in understanding the Company's operating cash flow growth, user growth, and cash generating potential for funding working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. These non-GAAP measures may assist in the evaluation of the Company's business relative to that of its peers more accurately than GAAP financial measures alone. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of other metrics presented in accordance with GAAP. Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Cautionary Note Regarding Forward-Looking Information This press release contains statements which constitute "forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, path to profitability, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may”, "would”, "could”, "should”, "will”, "intend”, "plan”, "anticipate”, "believe”, "estimate”, "expect” or similar expressions and includes information regarding expectations for the Company's growth and profitability in 2024. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain requisite regulatory and other approvals with respect to the business operated by the Company and/or the potential impact of the listing of the Company's shares on the TSXV on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time as a result of being a publicly listed entity. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. 1 See Use of Non-GAAP Financial Measures

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If U.S. president-elect lives up to his word and imposes a 25 per cent tariff on all imports from Canada, it would have a catastrophic impact on both sides of the border, throw an already-sputtering Canadian economy into a recession, and put the long-term future of the auto industry in this country into question, economists and trade experts say. The two countries’ economies are so intertwined — particularly in the manufacturing and energy sectors — that hitting Canada would also have a heavy impact on the U.S., argued Pedro Antunes, chief economist at the Conference Board of Canada. “This will be devastating for the Canadian economy, and devastating for the U.S. economy as well,” said Antunes. While manufacturers aren’t likely to shut down Canadian production or shift plants to the U.S. immediately, in the longer-term, they’ll likely be taking a hard look at whether they want to risk access to American consumers. “We’re going to see a deterioration of our attractiveness as an investment destination, because a lot of it is based on our access to the American economy,” said Antunes. “I think this could shut down the automotive industry in Canada.” The first impact American consumers would be likely to face is increased prices at the gas pump — particularly in the Midwest, where Canadian crude oil keeps refineries going at full-tilt, said Antunes. “There’d be an almost immediate impact on gasoline prices in the U.S., because they import a lot of Canadian crude. And we know how sensitive consumers in Canada and U.S. are to gasoline prices,” said Antunes. If the tariffs are 25 per cent across the board on all Canadian imports, the Canadian economy would shrink by 2.6 per cent, University of Calgary economist Trevor Tombe estimated. “And that’s just the straight impact of the tariffs, without any of the knock-on effects, or uncertainty, so it’s almost surely an underestimate,” said Tombe. “That’s basically a recession. The typical retraction is about three per cent in a recession.” Earlier this year, Tombe had prepared a tariff impact paper for the Canadian Chamber of Commerce, based on 10 per cent tariffs. After updating the numbers hastily following Trump’s Monday evening announcement on his Truth Social site, he found the potential impact to be even more grim. That 2.6 per cent drop in economic output translates into an annual loss of $78 billion for the Canadian economy, Tombe estimated. Tombe added that the tariffs would cause significant job losses, particularly in the hardest-hit sectors. “No question, there will be job losses. The tariff will result in reduced output in these heavily affected sectors, and with less production, they’re naturally going to lay off workers,” said Tombe. The U.S. market accounted for roughly 75 per cent of Canadian exports, a BMO report from economist Robert Kavcic found, making up about a quarter of Canada’s GDP. Canada sent $173 billion to the U.S. in energy exports alone last year, Kavcic’s report found, and tariffs would mean an immediate impact of higher oil and consumer gas prices in the U.S. The higher prices on goods from Canada flowing into the U.S. could depress demand for them, which could drag down an already shaky Canadian economy, Kavcic added. For the manufacturing sector, the impact of a full 25 per cent tariff would be devastating, warned Dennis Darby, CEO of Canadian Manufacturers and Exporters. While it might not happen in exactly the form Trump has threatened, Darby said Canada can’t afford to take the sabre-rattling lightly. “When the incoming president says he’s going to do that on Day 1, you have to take that as credible,” said Darby. In the auto sector, supply chains are so intertwined across the border that it’s hard to believe Trump would implement tariffs across the board, argued Flavio Volpe, CEO of the Automotive Parts Manufacturers’ Association. “It would be like taking a sledgehammer to his own foot,” said Volpe, who estimated that roughly half of the parts going into Canadian-made cars are sourced from U.S. producers. “We’re so integrated in the automotive industry. So there’s no way to separate the American interests from the Canadian interests here,” said Volpe. While acknowledging that Trump isn’t immune from cutting off his nose to spite his face, his first term in office shows at least some glimmer of hope for rational economic action — at least eventually, Volpe added. “He did put a national security tariff on aluminum from Quebec that U.S. defence interests need. So for a while, he taxed his own military to make a point. But I’ll remind everybody that that was also a short-term point. And that we have leverage,” said Volpe. That leverage, says Volpe, comes from desperately needed Canadian critical minerals and energy resources such as oil and gas. Both of those, said Volpe, would help the U.S. loosen its trade ties with China. “You need independence from the Chinese sphere. And that comes from the resources we have in this country,” said Volpe. “We’ll be inside the tent by the time it’s all said and done, if we put in our best efforts to demonstrate that their best interests extend to this side of the border.” Laura Dawson, executive director of the Future Borders Coalition, doesn’t expect the tariffs to hit across the board. “I feel pretty confident that Canada can negotiate its way out of many of these tariffs because, for example, the U.S. imposing a tariff on Canadian oil and gas will have an immediate effect on U.S. consumers,” Dawson said. “What we know from Trump 1.0 is he does what he says. If he has a plan, he usually acts on it, but he doesn’t act on it with the magnitude that he could.” The worst case could see tit-for-tat retaliatory tariffs, a stalemate and the same politics that led to the Great Depression, Dawson warned.PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced record third quarter net income of $102.9 million and earnings per diluted share of $1.10 for the three months ended October 31, 2024. For the nine months ended October 31, 2024, net income was $282.2 million and earnings per diluted share were $2.99. Total Company net sales for the three months ended October 31, 2024, increased 6.3% to a record $1.36 billion. Total Retail segment net sales increased 3.2%, with comparable Retail segment net sales increasing 1.5%. The increase in Retail segment comparable net sales was driven by low single-digit positive growth in both digital channel sales and retail store sales. Comparable Retail segment net sales increased 5.8% at Anthropologie and 5.3% at Free People and decreased 8.9% at Urban Outfitters. Nuuly segment net sales increased by 48.4% primarily driven by a 51% increase in average active subscribers in the current quarter versus the prior year quarter. Wholesale segment net sales increased 17.4% driven by a 20.3% increase in Free People wholesale sales due to an increase in sales to specialty customers and department stores, partially offset by a decrease in Urban Outfitters wholesale sales. For the nine months ended October 31, 2024, total Company net sales increased 6.7% to a record $3.91 billion. Total Retail segment net sales increased 4.0%, with comparable Retail segment net sales increasing 2.6%. The increase in Retail segment comparable net sales was driven by mid single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable Retail segment net sales increased 9.3% at Free People and 7.5% at Anthropologie and decreased 10.6% at Urban Outfitters. Nuuly segment net sales increased by 53.9% primarily driven by a 50% increase in average active subscribers in the current period versus the prior year period. Wholesale segment net sales increased 12.3% driven by a 15.1% increase in Free People wholesale sales due to an increase in sales to specialty customers and department stores, partially offset by a decrease in Urban Outfitters wholesale sales. “We are pleased to announce record third quarter sales and earnings, both of which exceeded our expectations. These results were driven by outperformance across all three business segments – Retail, Subscription and Wholesale,” said Richard A. Hayne, Chief Executive Officer. “Additionally, we're optimistic about the outlook for Holiday demand and believe total comparable sales could be similar to our third quarter results,” finished Mr. Hayne. Net sales by brand and segment for the three and nine-month periods were as follows: (1) Anthropologie includes the Anthropologie and Terrain brands. (2) Free People includes the Free People and FP Movement brands. For the three months ended October 31, 2024, the gross profit rate increased by 105 basis points compared to the three months ended October 31, 2023. Gross profit dollars increased 9.4% to $497.3 million from $454.4 million in the three months ended October 31, 2023. The increase in gross profit rate for the three months ended October 31, 2024 was primarily due to higher initial merchandise markups for all segments primarily driven by Company cross-functional initiatives. Additionally, Retail segment merchandise markdowns improved driven by lower merchandise markdowns at Urban Outfitters, which were partially offset by an increase at Free People. For the nine months ended October 31, 2024, the gross profit rate increased by 80 basis points compared to the nine months ended October 31, 2023. Gross profit dollars increased 9.2% to $1.40 billion from $1.28 billion in the nine months ended October 31, 2023. The increase in gross profit rate for the nine months ended October 31, 2024 was primarily due to higher initial merchandise markups for all segments primarily driven by Company cross-functional initiatives. The increase in gross profit dollars for both periods was due to higher net sales and the improved gross profit rate. As of October 31, 2024, total inventory increased by $72.3 million, or 10.0%, compared to total inventory as of October 31, 2023. Total Retail segment inventory increased 8.1% due to a Retail segment comparable inventory increase of 3.7% and planned early receipts of holiday merchandise. Wholesale segment inventory increased by 41.6% due to the timing of receipts and to support increased sales. For the three months ended October 31, 2024, selling, general and administrative expenses increased by $23.2 million, or 6.7%, compared to the three months ended October 31, 2023, and expressed as a percentage of net sales, deleveraged 11 basis points. For the nine months ended October 31, 2024, selling, general and administrative expenses increased by $81.8 million, or 8.4%, compared to the nine months ended October 31, 2023, and expressed as a percentage of net sales, deleveraged 42 basis points. The deleverage in selling, general and administrative expenses as a rate to net sales for both periods was primarily related to increased marketing expenses to support customer growth and increased sales in the Retail and Nuuly segments. The dollar growth in selling, general and administrative expenses for both periods was primarily related to increased marketing expenses to support customer growth and increased sales in the Retail and Nuuly segments, as well as increased store payroll expenses to support the Retail segment stores comparable net sales growth. The Company’s effective tax rate for the three months ended October 31, 2024 was 24.2%, compared to 24.3% in the three months ended October 31, 2023. The Company's effective tax rate for the nine months ended October 31, 2024 was 23.6%, compared to 24.5% in the nine months ended October 31, 2023. The decrease in the effective tax rate for the three and nine months ended October 31, 2024 was primarily due to the favorable impact of equity vestings in the current year. Net income for the three months ended October 31, 2024 was a record $102.9 million or $1.10 per diluted share. Net income for the nine months ended October 31, 2024 was $282.2 million or $2.99 per diluted share. On June 4, 2019, the Company’s Board of Directors authorized the repurchase of 20 million common shares under a share repurchase program. During the nine months ended October 31, 2024, the Company repurchased and subsequently retired 1.2 million shares for approximately $52 million. As of October 31, 2024, 18.0 million common shares were remaining under the program. During the nine months ended October 31, 2024, the Company opened a total of 36 new retail locations including: 20 Free People stores (including 12 FP Movement stores), 9 Anthropologie stores and 7 Urban Outfitters stores; and closed 11 retail locations including: 5 Urban Outfitters stores, 4 Anthropologie stores and 2 Free People stores. Urban Outfitters, Inc. offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 264 Urban Outfitters stores in the United States, Canada and Europe and websites; 242 Anthropologie stores in the United States, Canada and Europe, catalogs and websites; 216 Free People stores (including 50 FP Movement stores) in the United States, Canada and Europe, catalogs and websites, 9 Menus & Venues restaurants, 7 Urban Outfitters franchisee-owned stores and 2 Anthropologie franchisee-owned stores as of October 31, 2024. Free People, FP Movement and Urban Outfitters wholesale sell their products through department and specialty stores worldwide, digital businesses and the Company’s Retail segment. Nuuly is a women's apparel subscription rental service which offers a wide selection of rental product from the Company's own brands, third-party brands and one-of-a-kind vintage pieces. A conference call will be held today to discuss third quarter results and will be webcast at 5:15 pm. ET at: https://edge.media-server.com/mmc/p/9zt6ekqe/. As used in this document, unless otherwise defined, "Anthropologie" refers to the Company's Anthropologie and Terrain brands and "Free People" refers to the Company's Free People and FP Movement brands. This news release is being made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Certain matters contained in this release may contain forward-looking statements. When used in this release, the words “project,” “believe,” “plan,” “will,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: overall economic and market conditions (including current levels of inflation) and worldwide political events and the resultant impact on consumer spending patterns and our pricing power, the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, the effects of the implementation of the United Kingdom's withdrawal from membership in the European Union (commonly referred to as “Brexit”), including currency fluctuations, economic conditions and legal or regulatory changes, any effects of war, including geopolitical instability, impacts of the conflict in the Middle East and impacts of the war between Russia and Ukraine and from related sanctions imposed by the United States, European Union, United Kingdom and others, terrorism and civil unrest, natural disasters, severe or unseasonable weather conditions (including as a result of climate change) or public health crises (such as the coronavirus (COVID-19)), labor shortages and increases in labor costs, raw material costs and transportation costs, availability of suitable retail space for expansion, timing of store openings, risks associated with international expansion, seasonal fluctuations in gross sales, response to new concepts, our ability to integrate acquisitions, risks associated with digital sales, our ability to maintain and expand our digital sales channels, any material disruptions or security breaches with respect to our technology systems, the departure of one or more key senior executives, import risks (including any shortage of transportation capacities or delays at ports), changes to U.S. and foreign trade policies (including the enactment of tariffs, border adjustment taxes or increases in duties or quotas), the unexpected closing or disruption of, or any damage to, any of our distribution centers, our ability to protect our intellectual property rights, failure of our manufacturers and third-party vendors to comply with our social compliance program, risks related to environmental, social and governance activities, changes in our effective income tax rate, changes in accounting standards and subjective assumptions, regulatory changes and legal matters and other risks identified in our filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein. (Tables follow)Inside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use

Donald Trump declares trade war on neighbours with 25% tariffs on Mexican & Canadian goods, sending the dollar soaring

Consumers in the United States scoured the internet for online deals as they looked to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people's regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. Adobe Analytics, which tracks online shopping, expected consumers to spend $13.2 billion Monday — a record, and 6.1% more than last year. That would make it the biggest shopping day for e-commerce for the season — and the year. Online spending was expected to peak between the hours of 8 p.m. and 10 p.m. on Monday night, per Adobe — reaching an estimated $15.7 million spent every minute. For several major retailers, a Cyber Monday sale is a dayslong event that began over the Thanksgiving weekend. An Amazon Prime delivery person lifts packages while making a stop Nov. 28, 2023, in Denver. Amazon kicked off its sales event right after midnight Pacific time on Saturday. Target's two days of discount offers on its website and app began overnight Sunday. Walmart rolled out its Cyber Monday offers for Walmart+ members Sunday afternoon and opened it up to all customers three hours later, at 8 p.m. Eastern time. Consumer spending for Cyber Week — the five major shopping days between Thanksgiving and Cyber Monday — provides a strong indication of how much shoppers are willing to spend for the holidays. Many U.S. consumers continue to experience sticker shock after the period of post-pandemic inflation, which left prices for many goods and services higher than they were three years ago. But retail sales nonetheless remain strong, and the economy kept growing at a healthy pace. At the same time, credit card debt and delinquencies are rising. More shoppers than ever are also on track to use "buy now, pay later" plans this holiday season, which allows them to delay payments on holiday decor, gifts and other items. Many economists also warned that President-elect Donald Trump's plan to impose tariffs next year on foreign goods coming into the United States would lead to higher prices on everything from food to clothing to automobiles. A FedEx delivery person carries a package from a truck Nov. 17, 2022, in Denver. The National Retail Federation expects holiday shoppers to spend more this year both in stores and online than last year. But the pace of spending growth will slow slightly, the trade group said, growing 2.5% to 3.5% — compared to 3.9% in 2023. A clear sense of consumer spending patterns during the holiday season won't emerge until the government releases sales data for the period, but some preliminary data from other sources shows some encouraging signs for retailers. Vivek Pandya, lead analyst at Adobe Digital Insights, noted that discounts from Thanksgiving onward "exceeded expectations" and online spending throughout Cyber Week is on track to cross a record $40 billion mark combined. U.S. shoppers spent $10.8 billion online on Black Friday, a 10.2% increase over last year, according to Adobe Analytics. That's also more than double what consumers spent in 2017, when Black Friday pulled in about $5 billion in online sales. Consumers also spent a record $6.1 billion online on Thanksgiving Day, Adobe said. Meanwhile, software company Salesforce, which also tracks online shopping, estimated that Black Friday online sales totaled $17.5 billion in the U.S. and $74.4 billion globally. Mastercard SpendingPulse, which tracks in-person and online spending, reported that overall Black Friday sales excluding automotive rose 3.4% from a year ago. A United Parcel Service driver sorts deliveries July 15, 2023, on New York's Upper West Side. E-commerce platform Shopify said its merchants raked in a record $5 billion in sales worldwide on Black Friday. At its peak, sales reached $4.6 million per minute — with top categories by volume including clothing, cosmetics and fitness products, according to the Canadian company. Toys, electronics, home goods, self-care and beauty categories were among the key drivers of holiday spending on Thanksgiving and Black Friday, according to Adobe. "Hot products" included Lego sets, espresso machines, fitness trackers, makeup and skin care. Other data showed physical stores saw fewer customers on Black Friday, underscoring how the huge crowds that were once synonymous with the day after Thanksgiving are now more than happy to shop from the comfort of their homes. RetailNext, which measures real-time foot traffic in stores, said its early data showed store traffic on Friday was down 3.2% in the U.S. compared to last year, with the biggest dip happening in the Midwest. Sensormatic Solutions, which also tracks store traffic, said its preliminary analysis showed retail store traffic on Black Friday was down 8.2% compared to 2023. Grant Gustafson, head of retail consulting and analytics at Sensormatic Solutions, noted that in-store traffic was getting spread across multiple days since many retailers offered generous discounts before and after Black Friday. "Some of the extended Black Friday promotions really ended up leading to a little bit of a softer day-of traffic than expected," Gustafson said. In 2024, staying small on purpose seems to be paying off big for small businesses. They're keeping operations small and targeting niche, highly specialized customers. And some business owners find this strategy results in more time, energy, and money to intentionally capitalize on unique, small cap opportunities. The data tells the story of growth in small businesses for the year. According to NEXT , the Small Business Administration (SBA) reports awarding 38,000 SBA 7(a) loans under $150,000: double the amount they awarded in 2020. Here are the related small-business trends paying off in 2024. Commercial real estate agent Ryan Beckenhauer of Market Real Estate in Boulder, Colorado, has noticed that small businesses are growing smaller, and that their office and warehouse spaces are starting to reflect that as they shop for business space. In commercial real estate, many small business owners gravitate toward industrial condos and other flexible spaces. These are small-scale industrial spaces with a 90:10 or 80:20 split of warehouse to office. "More individuals are leveraging skills acquired at larger organizations to venture out on their own," explains Beckenhauer. And he goes on to say that they don't need a large commercial space as they make that leap to start a business. His clients include engineers, consultants, builders and other tradespeople. Beckenhauer's clients like the flexibility of being out of an office and being close to their inventory and workshop space. "The clients want to see and touch the finishes," he says. Small business owners both rent or buy these spaces. But he's seeing his clients opt to own industrial condos to stabilize costs due to rent increases in Boulder. And because these spaces are smaller, it can be easier for new buyers to qualify for financing. Mariana Alvarez, owner of Controller Works , an online bookkeeping and advisory firm, has noticed that small business owners outsource financial support services because they don't want to increase headcount. "Outsourcing gives them the possibility of having access to the knowledge and the skills of a CFO without having to pay for the salary," she says. "They don't have to manage or deal with the workload, employment taxes , and all that comes with it," says Alvarez. Additionally, many small business owners in fields like construction are family-owned, and this makes it easier for business owners to hand off delicate financial work to a trusted person with financial experience. Every small business has recurring tasks that can benefit from some level of artificial intelligence automation . And Alvarez sees a lot of value in using AI for small business bookkeeping. She explains that you can automate the data entry on Quickbooks. "When you create rules, as long as you create the rules correctly, it pretty much does itself," says Alvarez. From there, you can lean on financial experts to help you analyze the data and make more informed decisions. She uses AI as a background resource when guiding her accounting clients. "I believe that we still need the human-to-human interaction that comes with more perspective for financial analysis," she explains. According to the SBA , 77% of consumers feel that human interaction is still required for a positive customer experience. People turn to small businesses every day for a human experience. According to Arvind Rongala, CEO of Edstellar , small business workers can show up for their customers but still use AI for routine tasks like customer queries. "This balance allows companies to scale their operations without losing the personal touch that makes them unique. It's important to remember that AI isn't there to replace the human element—it's there to enhance it," he says. "By really focusing on one very small weakness that Amazon has, I've been able to carve out a successful business by offering something different," says Lou Harvey owner of Tank Retailer , a retailer of commercial water and fuel tanks. "When you read our customer reviews, many of them actually mention me by name because of how much we focus on customer service and go the extra mile." One of Harvey's most successful business strategies this year has been to lean into his small, niche market and offer the kind of customer experience that large retailers like Amazon don't. "Any small weaknesses that Amazon has (however small those weaknesses may be) needs to become a strength of a smaller business focusing on a niche market," says Harvey. Harvey has his company's customer service phone number front and center on the website to help earn customer trust. "I prominently feature our phone number, and a real person always answers the phone (usually it's me)," says Harvey. Lucie Voves, CEO and founder of Church Hill Classics , an online, woman-owned diploma framing company that uses sustainable materials, has noticed an uptick in customers seeking services from a business on a mission. "This year, we've seen a growing inclination for consumers to actively seek out and support small businesses owned by women and minorities," says Voves. When consumers shop small, they choose to make their dollars count. "Customers are fueled by a desire to promote social impact through purchasing power," says Voves. Long gone are the days of online retailers "building it and they will come." In 2024 we've seen more small businesses than ever turn to social commerce to sell directly on social media platforms like Instagram Shopping , Facebook Marketplace , and TikTok . Small business owners are turning toward influencers, social media ads, and organic content to target their customers. Mike Vannelli of Envy Creative creates online ads for businesses, and he has seen his clients succeed on TikTok of late. "I've seen businesses, especially in retail, use TikTok's short-form video format to make their products go viral. Think of it as word-of-mouth marketing on steroids," says Vannelli. He uses the platform's algorithm to push a company's content to the right audiences, and it works because TikTok loves storytelling. "I know small brands that use behind-the-scenes videos, customer testimonials, and even playful challenges that tap into trends to humanize their products and build trust," explains Vannelli. To stand out on TikTok, he says, smaller brands need to embrace authenticity and emotional connection. Show your team, share your journey, and involve your community in content creation. This story was produced by NEXT and reviewed and distributed by Stacker. Get the latest local business news delivered FREE to your inbox weekly.

London 'middle of the pack' for housing starts despite rapid rise in building permits

NEW YORK--(BUSINESS WIRE)--Nov 26, 2024-- BlackRock, Inc. (NYSE:BLK) today announced that Martin S. Small, Chief Financial Officer, is scheduled to speak at the 2024 Goldman Sachs US Financial Services Conference on December 10 th, 2024, beginning at approximately 2:20 p.m. ET. A live webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com . A replay of the webcast will be available within 24 hours of the presentation and will remain accessible through the Company’s website for three months. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate View source version on businesswire.com : https://www.businesswire.com/news/home/20241126954913/en/ CONTACT: Investor Relations Caroline Rodda 212-810-3442 caroline.rodda@blackrock.comMedia Relations Patrick Scanlan 212-810-3622 patrick.scanlan@blackrock.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES SOURCE: BlackRock Copyright Business Wire 2024. PUB: 11/26/2024 03:00 PM/DISC: 11/26/2024 03:01 PM http://www.businesswire.com/news/home/20241126954913/en