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International Business

  • Home furnishings retailer confirms new CEO

    It's official: Crate and Barrel has confirmed that CEO Doug Diemoz has left the company.   Crate and Barrel announced Tuesday that board chair Neela Montgomery will become the new chief executive, effective August 1. In the interim, Montgomery will continue in her current position, working closely with Crate and Barrel president and chief merchant Steve 'Woody' Woodward, and COO Mike Relich.  

  • Blowout quarter for Costco

    Costco Wholesale Corp. came roaring back in its third quarter as it topped analysts' earnings and sales expectations amid strong U.S. sales.   

  • Retail CEOs make voice heard in DC

    Twenty retail executives traveled to the nation's capitol on Wednesday to voice their opposition to the proposed border adjustment tax (BAT).   

  • Online giant on the hunt for 'innovative' store designer

    Amazon is beefing up the team responsible for its grocery store concept.    According to a job description on LinkedIn, the company is looking for an "innovative" store designer to join its Amazon Go ACE (Architecture, Construction & Engineering) team. The ideal candidate, according to the posting, is a "self-starter who thrives in a fast-paced, ambiguous environment and has a deep passion for innovative retail design."  

  • NRF: Border tax would result in consumer price increases of 15% or more

    The proposed border adjustment tax would have a negative financial impact on retailers and consumers, as well.    Retailers would “have no choice” but to pass the higher costs on to consumers if Congress passes a proposed $1 trillion border adjustment tax as part of tax reform, the National Retail Federation warned on Tuesday.  

  • Off-price giant to debut new store banner this summer

    TJX Cos. is importing one of its Canadian/European brands to the United States.     

  • Real estate developer acquires luxury footwear brand

    Harrys of London has a new owner with an interesting portfolio who wants to expand the brand.   The luxury footwear and accessories brand has been acquired by Charles S. Cohen, a New York real estate developer and media entrepreneur. Cohen, who acquired 100% interest in Harrys from Palladin Consumer Retail Partners, will assume the position of chairman. Palladin acquired a majority stake in Harrys in 2014.  

  • David’s Bridal goes south of the border

    David’s Bridal has entered a brand new market.    David's Bridal has partnered with Diltex, a leading manufacturer and retailer of intimate apparel in Mexico, to open its first franchise location in Mexico City. The store opens on Saturday, May 20, 2017.   
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