International Business

Staples and Office Depot have agreed to a Federal Trade Commission decision to extend the review period for a possible $6.3 billion merger of the two companies.

The companies announced Monday that the FTC has agreed to issue its decision regarding this transaction by Dec. 8.

There’s an artsy home linens player in town, and comes complete with a French accent.

French home décor and lifestyle brand Madura, best known for its artful and colorful decorative pillows, has opened a flagship in New York City’s Flatiron neighborhood. It’s the opening salvo in the family-run company’s expansion efforts in the United States.

Photo: Steve Bratspies

After more than two decades in top finance roles at Walmart, Charles Holley, 59, is stepping down as CFO at the world’s largest retailer.

Succeeding Holley will be Brett Biggs, a well-rounded finance executive who joined Walmart in 2000 and has held key roles in each of the retailer’s divisions.

Did Japanese retailer Uniqlo miscalculate its appeal to American shoppers?

The company, a division of Fast Retailing, is moving into the slow lane with regards to its U.S. expansion. Uniqlo now plans to open only five U.S. locations in its current fiscal year, which began on September 1, 2015, after opening 17 in its most recently completed year.

Uniqlo, which has more than 1,600 stores worldwide, operates 43 stores across the United States.

Twenty-year Walmart veteran Laura Phillips is set to become the company's senior VP of sustainability, effective Jan. 1, according to GreenBiz. Manuel Gomez, who previously held the title, has accepted a new position with Walmart de Mexico and Central America as VP of strategy for e-commerce, the report said.

The nation’s leading automotive specialty retailer realigned responsibilities among a trio of senior executives.

The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016.

She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since January 2007, will become executive chairman of the company’s board at the time of the CEO transition.