International Business

Hangzhou, China – Nobody can accuse Alibaba Group Holding Ltd. of sitting back and resting on its past success.

The global e-commerce giant is constantly making investments and launching new businesses, and in the past 24 hours has made two new business moves of significant interest to its online retailing competitors.

Paris – Luxury retail group LVMH has re-appointed AT&T as its global supplier for advanced communications services. In a four-year, multi-million-dollar agreement, AT&T will connect more than 4,500 LVMH sites in more than 100 countries.  

3D printing solutions provider 3DLT has added the former head of global merchandising for Staples to its board of directors.

Target Corp.’s Bullseye blog has posted a Q&A with the company’s new chief information officer, Mike McNamara. The British native arrived at Target in February 2015, after 15 years with Tesco PLC.

Here is the Bullseye Q&A with McNamara:

Dallas – Convenience store purchases are often small, inexpensive items most consumers would prefer to pay cash for. 7-Eleven Inc. is making sure customers always have access to cash through an agreement with Financial Consulting & Trading International Inc. (FCTI) to become its new ATM provider.

FCTI is a wholly owned subsidiary of Seven Bank an ATM provider for all 7-Eleven stores in Japan. 7-Eleven's U.S. company-operated and franchised stores are expected to transition to FCTI's ATM program in 2017.
 

Bengalaru, India – Bruce Springsteen fans will be delighted by the new store Nike Inc. is opening in Bengalaru, India. Aimed at customers who are “born to run,” the 7,355-sq.-ft., three-level store, Nike’s largest in India, places a special emphasis on the sport of running.

Houston -- Charming Charlie has appointed Melissa Boughton as senior VP of real estate & construction, where she is spearheading the retailer’s real estate, store planning, construction, facilities and lease administration functions.

American Apparel Inc. is launching a restructuring plan aimed at cutting costs as the retailer looks to turn around its struggling business.

The retailer said it would be closing stores, cutting jobs and unveil a new fall line.