FINANCE

Urban Outfitters CFO moves over to REI

BY Katherine Boccaccio

Seattle — REI revealed on Thursday that Urban Outfitters CFO Eric Artz has been named finance chief for the outdoor retailer, effective May 2012.

Urban Outfitters announced Artz’s departure earlier on Thursday.

"REI is very fortunate to attract a CFO with Eric’s breadth and depth of experiences,” said Sally Jewell, REI president and CEO. “In addition to his financial expertise, Eric has a deep understanding of multichannel retail, plus operations experience in supply chain, product development, sourcing and international.”

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REAL ESTATE

First enclosed mall to open in six years officially debuts in Utah

BY Staff Writer

Bloomfield Hills, Mich. — Taubman Centers on Thursday announced the opening of City Creek Center in Salt Lake City, Utah. Thousands of visitors attended the grand opening of the only regional shopping center to open in the United States this year.

According to the International Council of Shopping Centers, City Creek Center is the first enclosed regional shopping center to open in the United States in six years.

City Creek Center is the retail component of City Creek, the 23-acre, mixed-use development on three blocks in the heart of downtown Salt Lake City.

The 700,000-sq.-ft. shopping center features a retractable roof, a 140-ft. skybridge over Main Street, a 1,200-ft.-long re-creation of the historic City Creek, two 18-foot waterfalls and three fountains from the creators of the famed Bellagio fountains in Las Vegas.

The center is anchored by Nordstrom and Macy’s and, of the 100 stores and restaurants, one-third are unique to the Salt Lake City market or the state, including Tiffany & Co., Michael Kors, Coach, Tumi and Brooks Brothers/Brooks Brothers Women.

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OPERATIONS

Sears names former Sony exec as appliance head

BY Staff Writer

Hoffman Estates, Ill. — Sears Holdings Corp. said Thursday that Steve Haber will join the company as senior VP and president, Home Appliances.

Haber was previously executive VP at Sony Electronics, leading the Product to Consumer Marketing and the Home and Digital Reading business divisions.

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