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International Business

  • Study: What’s keeping retail execs up at night?

    Increased security risks tops the list of a new survey of 300 top global retail executives on the topics keeping them up at night.

    According to “Finding Retail Growth: A View from the Corner Office,” sponsored by Demandware and conducted by Economist Intelligence Unit, retail leaders view increased security risks, the rise of globally competitive online marketplaces, shifts in consumer taste and increased globalization as the four most significant challenges impacting the industry.

  • Fast-fashion giant’s ambitious plans include 425 new stores

    Swedish retailer H&M will opens its 4,000th store as its expands its global footprint and ramps up e-commerce in 2016.

    The company plans to open a total of 425 new stores this year, and expand its e-commerce efforts to Japan and 10 additional markets.

    The global retailer disclosed its aggressive physical and digital growth plans with the release of financial results for the period ended Feb. 29, which were negatively affected by the strong U.S. dollar.

  • Starbucks to go really, really big in New York City

    Starbucks will open its largest location in the world, a 20,000-sq.-ft. store, in one of Manhattan’s trendiest areas.

    The coffee giant is bringing its new Roastery store format to the Meatpacking District, opening at 61 Ninth Ave., a new nine-story building that is currently under development. The building is close to Chelsea Market.

  • Q2 sales for Walgreens U.S. division up 2.1% despite soft flu season

    Walgreens Boots Alliance on Tuesday announced an increase of 13.6% in net sales to $30.2 billion for the second quarter ended Feb. 29, 2016, compared with the same quarter a year ago, largely due to the full consolidation of Alliance Boots for the entire quarter this year. Foreign currency translation adversely impacted sales by approximately $750 million or 2.4%.

  • HBC details omnichannel growth agenda

    The number of Saks Off 5th stores will surge dramatically as will investments in technology as Hudson’s Bay Company said it will make higher than normal investments in growth initiative this year.

  • Macy’s adds real estate expert to its exec team

    Amid ongoing pressure from investors to maximize the value of its real estate holdings, Macy’s has appointed Douglas W. Sesler as executive VP for real estate, effective April 5.

  • Chipotle considers opening a burger chain

    Chipotle Mexican Grill is thinking about getting into the burger business.

    The fast-casual giant, which is still struggling to recover financially from food-safety problems that surfaced last summer, filed a trademark application for "Better Burger" as part of a business diversification move to open a burger restaurant chain.

  • Retail CEOs are most worried about…

    When it comes to what keeps retail CEOs up at night, put exchange rate volatility and over-regulation at the top of the list.

    That’s according to PwC’s 19th Annual Global CEO Survey, which explores top business concerns of retail and consumer product CEOs.

    Of the many different political, social and economic risks businesses face, those that concern retail sector CEOs the most are over- regulation (37% are extremely concerned), exchange rate volatility (36%), an increasing tax burden (33%), and social instability (29%).

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