Skip to main content

International Business

  • Changing the world, one school supply at a time

    Staples is shaking up the back-to-school aisle with an innovative promotion that makes a difference for children around the world.

    The company is partnering with Me to We and Free The Children to help children around the world by allowing customers to digitally track how their purchase makes a difference. 

  • Sears hits its big with REIT offering

    Hoffman Estates, Ill. – Sears Holding Corp. has met financial expectations for its new real estate investment trust (REIT) called Seritage Growth Properties. A 53.3 million-share Securities and Exchange Commission (SEC) subscription rights offering for Seritage that closed on July 2 was oversubscribed and generated about $1.6 billion, meeting expectations for gross proceeds of $1.57 billion.

  • Rite Aid in new risk management appointment

    Camp Hill, Pa. -- Rite Aid Corporation is beefing up its risk management.

    The drugstore chain announced that Paul Zikmund, a risk management professional with nearly 30 years of experience, is joining Rite Aid as group VP of risk and controls.

    In this new position, Zikmund will oversee the risk management program for Rite Aid as well as its subsidiaries, RediClinic, Health Dialog and EnvisionRx. Zikmund will report to Tony Bellezza, Rite Aid senior VP and chief compliance officer.

  • H&M feels pinch of strong dollar but keeps expanding

    New York -- Swedish fast-fashion giant H&M isn’t letting the strong U.S. dollar hurt its expansion plans.

    The chain plans to open about 400 new stores in 2015-2016. It is expanding into five new markets: Taiwan, Peru, Macau, South Africa and India. Other plans include the launch of H&M Beauty this July, starting in about 900 stores and online. The company also hinted at the development of a mysterious new brand.

  • American Girl says ‘hola’ to Mexico

    Middleton, Wis. - American Girl is expanding south of the boarder.

    The brand will make its debut in Mexico, opening in-store boutiques in department store El Palacio de Hierro’s locations in Interlomas and Perisur. The in-store shops, ranging in size from 1,500 sq. ft. to 2,000 sq. ft., open July 4.

    Mexico marks the second international retail presence for American Girl, which opened its first Canadian store in October 2013.

  • P&G veteran joins QVC finance team

    QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks to maximize efficiencies and organizational synergy.

  • PayPal is in the money with new acquisition

    San Jose, Calif. – PayPal Inc. is getting itself “in the money” with a major acquisition as the company prepares for its impending July 17 split from eBay Inc.

    PayPal will purchase digital money transfer service Xoom Corp. for $25 per share in cash, or about $890 million.

  • Lidl goes a long way in North Carolina

    German grocer Lidl has made its entry into the U.S. market official by selecting a regional headquarters and distribution hub in the South.

X
This ad will auto-close in 10 seconds