10/8/2012 11:32 AM ET Urban Outfitters Inc. (URBN: Quote) announced an exclusive distribution and marketing agreement with World Co., Ltd. (headquartered in Kobe, Japan) for its Free People brand in Japan.The multi-year agreement with World Co., Ltd. will mark URBN’s first full-scale entry into the Japanese market, and is expected to commence with the Free People brand’s spring 2013 collection.As per the agreement, World Co., Ltd will have the right to distribute merchandise through shop-in-shop locations, a stand-alone store, direct-to-consumer sites, distribute to specialty store and department store wholesale accounts, and market the brand throughout Japan. Click here to receive FREE breaking news email alerts for Urban Outfitters Inc. and others in your portfolioby RTT Staff WriterFor comments and feedback: contact editorial@rttnews.com