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International Business

  • Real estate report: Luxury retail is a high-growth category

    Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.   

  • Children’s Place names Reliance Industries vet CFO: Q3 net income drops

    Secaucus, N.J. – The Children’s Place Inc. has named Anurup Pruthi as senior VP and CFO, effective Dec. 1, 2014. He will report to Michael Scarpa, COO.  

  • Survey – Cross-border shoppers double spend of domestic shoppers

    San Jose, Calif. - Cross-border shoppers (those for whom more than 10% of their online spend is cross-border), spend approximately twice as much as consumers who only shop domestically. New research from PayPal and Ipsos, which investigated the online and cross-border shopping habits of more than 17,500 consumers in 22 countries, shows 30% of U.S. online consumers shop across borders.  

  • New presidents named at Gap and Banana Republic

    Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

    Peck is scheduled to replace Gap Inc. CEO Glenn Murphy in February and late Thursday he named new global brand presidents for Gap and Banana Republic.

  • Burberry executive to be Children’s Place CFO

    The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

  • Cabela’s expanding retail footprint with two new stores

    SIDNEY, Nebraska — Cabela’s Inc. is expanding into new markets, with plans to open a store in Gainesville, Virginia, and Ottawa, Ontario, Canada.
     

  • Target rebounds and tops Street with strong Q3 helped by increased promotional activity

    Minneapolis — Target Corp. gained some momentum going into the holiday season with a third quarter that beat both Wall Street and internal expectations as sales as its U.S. stores exceeded estimates and its troubled Canadian division showed signs of improvement. Its results were also driven by increased promotional activity. This was Target’s first quarter under the leadership of CEO Brian Cornell, who replaced Gregg Steinhafel in August.   

  • Staples gives new meaning to momentum

    Same stores sales declined again at Staples North American retail stores in the third quarter, but chairman and CEO Ron Sargent contends the company is gaining momentum on a reinvention strategy.

    Sargent is being generous with his usage of the word momentum to describe the performance of the nation’s leading office supplies retailer. The third quarter revealed persistent weakness in retail operations and the international business offset by modest growth in the commercial business.

  • Target transformation a work in progress

    It took a heightened level of promotional activity to drive marginally better than expected third quarter same store sales growth at Target’s U.S. stores while losses in Canada were less severe than the prior year.

  • Nielsen – Private label perception among consumers mostly positive

    New York, N.Y. - Perceptions about private label are overwhelmingly favorable. Almost three-quarters of global respondents (71%) say store-brand quality has improved over time, according to a new study by Nielsen.
    Price is a primary driver of purchase intent among 70% of global respondents, but quality is important, too. Two-thirds (67%) believe private labels offer extremely good value for money.

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