OPERATIONS

Urban Outfitters Appoints COO for Europe

BY CSA STAFF

Philadelphia Urban Outfitters Thursday announced the appointment of Andrew McLean to the newly created position of COO for the company’s European operating divisions.

McLean, who begins Jan. 5, will be responsible for all European shared service operations, including finance, logistics, development and talent acquisition, for the company’s retail brands Anthropologie and Urban Outfitters, as well as wholesale brands Free People and Leifsdottir.

“We are delighted that URBN’s expansion in the United Kingdom and the rest of Europe has been met with so much success,” said Urban Outfitters CEO Glen T. Senk. “We are committed to continued growth abroad.”

McLean joins Urban Outfitters, Inc. from Liz Claiborne Inc., where he worked since 2003, most recently as president of the outlet division. Prior to Liz Claiborne Inc., McLean served as senior director, controller at Gap brand.

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Costco sees slight 3Q comps growth

BY CSA STAFF

ISSAQUAH, Wash. Costco Wholesale reported that net sales for the first quarter of fiscal 2009 increased 4% to $16.04 billion from $15.47 billion during the first quarter of fiscal 2008. On a comparable-warehouse basis, net sales increased 1%.

Net income for the first quarter of fiscal 2009 was $262.5 million, or 60 cents per diluted share, compared to $262 million, or 59 cents per diluted share, during the first quarter of fiscal 2008.

According to Richard Galanti, Chief Financial Officer of Costco, “First quarter 2009 results benefited from very strong gasoline profitability when compared to last year. Results were hurt by a slowdown in non-food discretionary sales and related reductions in margins associated with these sales, primarily in the latter half of the quarter.”

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Fred’s promotes Efird to CEO

BY CSA STAFF

MEMPHIS, Tenn. Fred’s has promoted president Bruce Efird to ceo effective Feb. 1, 2009. Efird, who will retain the title of president and remains a director of the company, will succeed Michael Hayes, who will continue as chairman of the board of directors.

Prior to joining Fred’s, Efird was evp of merchandising for Meijer. Prior to that, Efird held management positions with Bruno’s Supermarkets and Food Lion. 

 

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