International Business

Apparel giant taps former Dick’s Sporting Goods exec as finance chief
Gap Inc. has appointed Teri List-Stoll as executive VP and CFO, effective January 17, 2017. List-Stoll will succeed Sabrina Simmons, whose departure was previously announced. Simmons will shift into an advisory role through the end of the company’s fiscal year. Most recently, List-Stoll held the position of executive VP and CFO for Dick’s Sporting Goods. She left Dick’s in August 2016.
Singles Day: Alibaba reports record sales, but growth slows
The 24-hour Chinese shopping mega-event known as Singles Day brought in record numbers for the country’s e-commerce giant, Alibaba. But it appears that the growth rate is decelerating. Alibaba Group Holding Limited reported that the total amount of goods and services sold by vendors (known as gross merchandise volume) over its e-commerce sites rose 24% to a record $17.8 billion this year. Last year, by contrast, sales on Alibaba platforms increased 60%.

Alex and Ani makes exec appointment

Alex and Ani has promoted Cindy DiPietrantonio to president of the company. DiPietrantonio joined the jewelry and lifestyle brand in July 2016 as interim COO, and her transition to president has happened in “a very natural, organic way,” the company said.
Report: Women’s specialty apparel retailer looking to go public

J. Jill Group Inc. is moving forward with plans for an initial public offering. The Quincy, Massachusetts-based retailer has tapped Bank of America, Morgan Stanley, and Jefferies Group LLC as underwriters for a possible initial public offering, Reuters reported.
NRF: How election results will impact these critical retail issues

The results of yesterday's elections will affect a number of issues facing retailers, including infrastructure, tax reform, trade, immigration, labor and health care. Craig Shearman, National Retail Federation (which does not endorse presidential candidates) looks at how President-elect Donald Trump and a Republican-controlled Congress could impact the industry.
Citi throws hat into digital wallet ring

The digital wallet landscape is heating up once again as Citibank prepares to introduce its mobile wallet.
Macy’s in real estate pact with Brookfield; sells SF men’s store

Macy’s has signed an agreement that could lead to more downsizing of its valuable real estate portfolio. It also has entered into deals to sell one of its stores in San Francisco, and one in Portland, Oregon.
Alibaba off to blistering start on Singles Day

Chinese shoppers were so eager to participate in Singles Day that they purchased more in the first hour than the entire 24-hour event in 2013. Specifically, more than $7 billion of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 “11.11 Global Shopping Festival,” according to a company statement. The annual shopping event kicked off at 12 a.m. China Time, on Nov. 10.
ELECTION RECAP: Impact on Business
U.K. retailer to drop anchor in the U.S.

Watch out Hallmark. A popular British greeting card and stationery brand has designs on the U.S. market. Paperchase is planning to open two freestanding stores in the United States next year, both in Chicago, The Telegraph reported. Currently, the brand supplies Target and Staples with private-label greeting cards.

Apparel giant taps former Dick’s Sporting Goods exec as finance chief

Singles Day: Alibaba reports record sales, but growth slows

Alex and Ani makes exec appointment

Report: Women’s specialty apparel retailer looking to go public

NRF: How election results will impact these critical retail issues

Citi throws hat into digital wallet ring

Macy’s in real estate pact with Brookfield; sells SF men’s store

Alibaba off to blistering start on Singles Day

ELECTION RECAP: Impact on Business

U.K. retailer to drop anchor in the U.S.