Urban Outfitters names CEO for namesake brand
Philadelphia — Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand. The company named Tedford Marlow as head of the Urban Outfitters Group, effective Feb. 6. Marlow he retired from the chain in 2010, after spending nine years as president of the Urban Outfitters brand.
The announcement came almost a month after Richard Hayne, the company’s chairman and president, succeeded CEO Glen Senk, who resigned. Hayne co-founded the company in 1970.
Coldwater Creek names new COO
Sandpoint, Idaho — Coldwater Creek Inc. has promoted Jim Bell to the newly created position of executive VP and COO. He will oversee the retailer’s information technology systems, real estate, distribution and logistics, planning and allocation, and finance.
Bell is currently the company’s chief financial officer, and will continue to fill that role in his new job, the company said Thursday.
Consumer confidence rises in U.S.
Washington, D.C. — The Bloomberg Consumer Comfort Index revealed Thursday that consumer confidence in the U.S. climbed for the second week in a row, suggesting rising optimism about economic issues.
The Index rose to minus 44.8 in the period to Jan. 29 from minus 46.4 the previous week. A measure of Americans’ view of the state of economy climbed to the highest since June, according to the report.
Gains in employment and post-holiday clearance sales at retailers also helped create a better buying climate for consumers, the report showed.