Apparel retailer Urban Outfitters Inc. said Thursday its chief financial officer will retire and will be replaced by an executive from apparel maker VF Corp.
John E. Kyees, 63, had been with Urban Outfitters since 2003. He will be replaced by Eric Artz, 42, CFO of VF Contemporary Brands, effective Feb. 1, 2010.
Kyees will take the title of chief investor relations officer on Feb. 1 through his scheduled retirement date of June 30.
The Philadelphia company operates brands including Urban Outfitters, Anthropologie and Free People. It has been among the few retailers with relatively strong sales amid the recession, as shoppers responded to its apparels' quirky aesthetic. In the third quarter, profit rose 5 percent and revenue rose 6 percent to $505.9 million.
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