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International Business

  • Aldi on hiring binge

    Batavia, Ill. – Aldi wants you – if you are someone looking for a store-level retail job.

    The rapidly growing discount supermarket retailer will host hiring events throughout the U.S. during the month of August for more than 2,500 positions.

  • Breach hits Sally Beauty Q3 profit; will close 16 German stores

    Denton, Texas – Sally Beauty Holdings is feeling the impact of its data breach.

    Costs related to a data breach discovered in May 2015, as well as higher selling, general and administrative (SG&A) expenses, helped reduce profit at Sally Beauty during the third quarter of fiscal 2015. Net earnings fell 8% to $62.46 million, from $67.76 million the same period a year earlier.

  • Second time the charm for Neiman Marcus?

    New York -- The nation’s premier luxury department store company wants to return to the public arena.

    Neiman Marcus Group has filed plans for an initial public offering — for the second time in two years — of $100 million (the sum is a placeholder that doesn’t necessarily reflect the final offering amount.) The company said it would trade under the ticker symbol NMG.

  • Lumber Liquidators posts Q2 loss; may face formaldehyde action

    Toano, Va. – Legal and regulatory costs, as well as costs related to payroll, severance and commissions, contributed to a surprise net loss during the second quarter of fiscal 2015 at Lumber Liquidators. The struggling retailer also informed financial regulators that it may face legal action stemming from the sale of Chinese hardwood flooring that allegedly contained excessive levels of formaldehyde.

  • Retail heavy hitter joins JLL

    San Francisco -- JLL has tapped an industry veteran from one of the world’s largest retail chains to drive its global business strategy and cross-border expansion.

    The company named David Zoba as chairman of its Global Retail Leasing Board, effective immediately. Zoba brings 30 years of experience to the firm and most recently served as senior VP of global real estate and store development at Gap Inc., which he joined in 2009.

  • World Retail Congress to honor U.S. retailer

    New York -- Kip Tindell, founder, chairman and CEO of The Container Store, will be inducted into the Retail Hall of Fame at the upcoming World Retail Congress, which will be held Sept. 8-10, in Rome, Italy. Tindell is also the current chairman of the National Retail Federation.

  • New Capital Markets Division announced at Ohio development company

    Cleveland – Stark Enterprises announced the addition of Stark Capital Group. The new division will provide comprehensive real estate capital markets solutions with an emphasis on equity and debt placements, principal acquisitions and asset management. 

    Nico Bolzan will serve as executive director of SCG. Bolzan will lead efforts to raise both equity and debt financing through a variety of private and institutional capital sources on a national level.  

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