International Business

Virginia, Beach, Va. -- Wheeler Real Estate Investment Trust announced it has appointed John McAuliffe to the company's board of directors, effective Dec. 2. McAuliffe returns to the company's board of directors after having previously served from November 2012 until April 2013. McAuliffe has over 36 years' experience in the financial services industry. In April 2013, he resigned from the company's board of directors to focus his efforts on investment banking with Newbridge Securities Corporation.

Pep Boys, which agreed to be sold to Bridgestone in October, said it is considering a competing offer from Carl Icahn's investment firm that is worth $2 million more.

Don’t be fooled by Costco’s tepid sales growth and first quarter profit decline. The company is accelerating expansion and pursuing some intriguing digital partnerships while members continue to renew at record rates.

While same-store sales at Dollar General and Dollar Tree have decelerated of late, that is not the case with Canada’s largest dollar store operator which recently opened its 1,000th location.

Douglas Tompkins, co-founder of The North Face and an ardent conservationist and outdoorsman, died following a kayaking accident in his adopted country of Chile. Tomkins, 72, was the co-founder of two clothing companies that would grow into multi-billion dollar enterprises. In addition to North Face, he was a co-founder, along with his wife at the time, of Esprit. “He flew airplanes, he climbed to the top of mountains all over the world,” his daughter Summer Tompkins Walker told the New York Times.

Activist investor Carl Icahn has offered to buy Pep Boys-Manny, Moe & Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Bridgestone's offer of $810 million in October.

The man who built a retail empire by inspiring a generation of shoppers to stock their kitchens with garlic presses and soufflé pans has died.

Charles E. “Chuck” Williams, founder and director emeritus of Williams-Sonoma Inc., died of natural causes over the weekend, the company announced. He was 100 years old.

Rockville, Md. -- Federal Realty Investment Trust announced the addition of Ramsey D. Meiser to the newly created position of senior VP of mixed-use development reporting to executive VP of development Donald Briggs.

U.S. retailers looking for a new source of revenue may be in luck.

The number of China-based consumers shopping U.S. brands online during the holiday season has increased seven times from 2014, which is a record level according to Ant Financial Services Group’s Alipay. Alipay also found that total sales from China-based consumers purchasing U.S. products with its Alipay ePass cross-border e-commerce solution increased 15 times from the prior year.