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International Business

  • CBL names Hammontree to development post

    CBL & Associates has named Curt Hammontree VP of development. In nearly 18 years with the company, he has worked on 18 mall and outlet developments, the most recent being an outlet project in Laredo, Texas.   “Curt has been a valuable contributor to CBL’s successful development,” said president and CEO Stephen Lebovitz. “We are pleased to be able to recognize his many achievements with this promotion.”  

  • Dollar General enters new territory

    The ever-expanding Dollar General has entered its 44th state.   The discounter opened a store in Hankinson, North Dakota. The company plans to open six additional locations in the state through spring 2017.   

  • Fast-fashion giant’s Weekday brand to make London debut

    H&M is expanding one of its lesser-known banners with two high-profile locations.   The retailer plans to open a Weekday store on Regent Street in London, and also one in Paris, according to numerous British reports. Both locations are expected to open this summer.    The brand, known for its denim offerings and minimalist basics, currently operates some 27 stores in Europe, but this will be its first in the United Kingdom and France.  

  • Report: E-commerce giant eying intimate apparel

    Watch out Victoria’s Secret — Amazon is moving onto your turf.   The online retail giant plans to launch a line of inexpensive bras in the United States, reported The Wall Street Journal.   The bras will be priced around $10, according to the report, which is significantly lower than the bras sold by Victoria's Secret and other lingerie retailers.   

  • Starbucks’ social gifting feature launches in China

    Starbucks has extended its social gifting promotions into China, where it has launched a major expansion program to double its stores within the next five years.      The coffee giant’s new “Say It With Starbucks” program, created by Starbucks and Weixin, China’s leading mobile social communications app, enables users to gift a Starbucks beverage or digital gift card via a social gifting platform.   

  • Investors reach $40 million settlement in Sears real estate deal

    Sears Holding Corp.’s chairman and CEO Eddie Lampert and the company's board settled a lawsuit alleging that the chief executive benefited from a spin-off deal.   The lawsuit was brought on behalf of Sears and against Lampert, other Sears directors and Seritage Growth Properties, the real estate investment trust established to acquire 235 of the struggling chain’s best stores, reported Reuters.  

  • Report: Alibaba says it is being falsely accused of selling counterfeit goods

    Amid efforts to crack down on the sale of counterfeit goods, Alibaba is in a center of another related fight.   The Chinese e-commerce giant said Thursday, Feb. 9, that several intellectual property (IP) agencies were filing false complaints against vendors that continue to sell fake goods on its e-commerce platforms, said Fortune.   

  • Report: The Body Shop could be on the block

    A retail pioneer in all-natural beauty products, ethical sourcing and environmental responsibility is facing an uncertain future.   L’Oreal is exploring a sale of The Body Shop for $1.1 billion, the Financial Times reported. The cosmetics giant bought the company, which operates some 3,000 stores across the globe, in 2006.   The Body Shop was founded in Brighton, England, in 1976 by Dame Anita Roddick. The brand has struggled recently amid increased competition from an array of brands. 
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