ModCloth Co-Founder Hands CEO Reins to Urban Outfitters Veteran

Online clothing retailer ModCloth has brought over an executive from Urban Outfitters to take over as CEO. On Jan. 19, Modcloth Co-Founder and CEO Eric Koger will hand the reins over to Matthew Kaness, who most recently served as chief strategy officer at Urban Outfitters. Eric and Susan Gregg Koger started ModCloth, a women's clothing retailer that focuses on quirky, vintage-inspired styles, in 2002 while they were students at Carnegie Mellon University in Pittsburgh.