Ted Marlow, the CEO of US lifestyle retailer Urban Outfitters Group, has announced his intention to retire.

Marlow, who joined the company in 2001, will step down at the end of August. The company has not yet announced a successor.

He retired from the role in 2010, before returning two years later, a month after Glen Senk stepped down as group CEO.

Richard Hayne, CEO of Urban Outfitters Inc, said on the firm's earnings call this week: "Under Ted's stewardship, the brand operates 195 stores in North America, 43 in Europe, seven international concessions and runs multiple, international direct-to-consumer businesses. This year, the Urban brand is on pace to exceed last year's US$1.4bn in sales. That's incredible growth. Ted's loyalty to the brand and the customer is unwavering, and I am forever grateful to him for his service and his friendship.

"When Ted returned to the business in the spring of 2012, he told me he only wanted to work for a few additional years. There is no way any of us could have anticipated how tumultuous those three years would be for the brand, but in true Ted Marlow style, he hunkered down, fought through the adversity and came out on top."

The company this week revealed earnings of US$32.8m, or $0.25 per diluted share, in the three months to the end of April. This compared to earnings of $37.5m, or $0.26 per diluted share in the year ago period.