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International Business

  • Alibaba creates social media platform with NBA star

    Hangzhou, China – Alibaba is launching an omnichannel partnership with one of professional basketball’s biggest stars. Alibaba Holding Group Inc. and Kobe Inc., a newly formed company by NBA player Kobe Bryant, will collaborate with Chinese media company Sina to create a new social media platform.

  • A.R.E.: Good times ahead, especially for retail construction

    New York -- The Association for Retail Environments is bullish on the future.

    The organization is predicting good days ahead for the U.S. economy in general and retail construction in particular. According to A.R.E.’s economic advisors, all indicators show that the 2016 economy in the U.S. will grow faster than it did in 2015. And while economic growth will slow in the back half of 2015, it will not be negative.

  • H&M to expand sleeker, sexier sister stores

    Fast-fashion giant H&M is adding another set of initials to its aggressive expansion plans. 

  • Jones New York has been saved, sort of

    After announcing in January that it would close all of its 127 retail locations, Jones New York is back -- at least in the Great White North.

  • ICSC urges Aug. 15-16 sales tax holiday in Massachusetts

    Boston – Massachusetts will have a tax holiday the weekend of Aug. 15-16, if the International Council of Shopping Centers (ICSC) has anything to say about it. The ICSC has sent a letter to Massachusetts Gov. Charlie Baker asking him to sign the sales tax holiday legislation currently on his desk.

  • Procter & Gamble names new CEO

    Procter & Gamble Co. has named a successor to the man who led the company's recent transformation.

  • 7-Eleven to open in Vietnam

    Dallas - 7-Eleven Inc. is taking its business to Vietnam.

    The company has signed a master franchise agreement with Seven System Vietnam Co. Ltd. to develop and operate 7-Eleven stores in Vietnam, with the first stores expected to open in 2017. Seven Systems plans to construct 7-Eleven stores, convert existing locations to the 7-Eleven brand supported by enhanced infrastructure, and eventually franchise operations to local businesspeople.

  • H&M expanding higher-end store banner in the U.S.

    London -- Fast-fashion giant H&M doesn’t let any grass grow under its feet.

    H&M is expanding its higher-end, minimalist-styled brand, COS (short for Collection of Style). The retailer plans to open four stores in the United States in 2015, starting this fall, with two new markets on tap. COS is also expanding into Canada, with stores set to open in both Montreal and Toronto later this year.

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