Skip to main content

International Business

  • Kmart exec to head up Pier I

    A former executive at Sears Holdings Corp. has has been named president and CEO of Pier I Imports.     Alasdair James, 46, will take the reins of the home décor chain on May 1, 2017. He replaces Alex Smith, who was ousted from the company at the end of last year amid slumping sales.   

  • U.S. grocer taps former Lidl exec as new CEO

    As German discount giant Lidl prepares to enter the U.S. market, Save-A-Lot is bringing in a new chief executive officer whose resume includes a 13-year stint at the European chain.      The discount supermarket chain has appointed Kenneth McGrath as CEO, effective April 21, 2017. He succeeds Eric Claus, whose departure was described as a “mutually agreed” parting of the ways.   

  • End of an era at coffee giant

    It’s a new day at Starbucks Corp.   Kevin Johnson officially took over as CEO of Starbucks on Monday, April 3. Outgoing CEO Howard Schultz continues on at the company as executive chairman, and will focus on the development of  Starbucks’ new formats, Reserve Roasteries and Starbucks Reserve,  and the company’s social impact initiatives.   

  • Fast-fashion chain plans operational changes following disappointing quarter

    Excess inventory and markdowns took their toll on H&M’s first fiscal quarter.   For the period spanning December 1, 2016 - February 28, 2017, H&M’s first-quarter pretax profit fell 3.6% to 3.21 billion kronor ($362 million), compared with an average estimate of 3.03 billion kronor. H&M blamed the decline on lower than expected sales growth, as well as higher mark-downs.  

  • VF Corp. introduces 2021 growth plan

    VF Corp.'s new strategy is focused on maintaining the company's longevity — even in a rapidly changing marketplace.

  • Lululemon stretches profits in Q4, but hedges 2017 outlook

    A stronger focus on product innovation and digital initiatives contributed to gains during Lululemon’s fourth quarter, but a slow start to the year impacted the company’s expectations for Q1 2017.  

  • Merchants gaining more leverage over landlords in Manhattan

    Plummeting retail occupancy rates have Manhattan landlords in a generous mood.   According to a Bloomberg report, Manhattan landlords are offering their retail clients such giveaways as interior redesigns and moving expenses to keep storefronts from going dark.  

  • Colliers names North Jersey leasing director

    Colliers International has announced the hiring of Wayne L. Kasbar as managing director in its Parsippany, New Jersey, office. He will focus on the retail sector.   Kasbar comes to Colliers from Silbert Realty & Management Company, where he oversaw the brokerage team covering New Jersey, New York, Pennsylvania, and Connecticut. Prior to that, he spent five years at Trammel Crow, now part of CBRE, leaving there as VP of brokerage services.  

  • Legislative Spotlight: Rough Road Ahead for Retailers

    The failure of President Trump and the Republicans in Congress to repeal and replace the Affordable Care Act was shocking enough for business owners but it is the road ahead that should give operators some real heartburn.  

  • Report: Amazon to buy Middle Eastern online retailer

    A new deal could give Amazon a foothold in the Middle East.   Amazon has agreed in principle to buy Souq.com, a leader in the Middle East's online shopping market, according to a report in Reuters.   
X
This ad will auto-close in 10 seconds