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International Business

  • Skechers opens 1,000th store; 35 to 40 more locations to open by yearend

    Manhattan Beach, Calif. -- Skechers is celebrating the opening of its 1,000th retail store. The company, which operates in more than 75 countries, hit the milestone mark with the opening of a new store in Mexico City on Wednesday, preceded by an additional store opening in Mexico earlier this week and two in California last week.  

  • Alibaba reports $9.3 billion in sales on China’s “Singles Day” sales event

    New York -- Alibaba Group Holding Limited announced that it hosted $9.3 billion in sales on China’s “Singles Day,” an annual sales event held on Nov. 11. 

     

    The E-commerce giant  said that 43 of all Singles Day transactions came through mobile devices, up from 21% in 2013.  

     

  • Luxottica Group goes live with JDA solution

    Bracknell, England -- JDA Software Group announced that eyewear manufacturer/marketer Luxottica Group SpA has gone live with its implementation of JDA Supply Chain Planner, from the JDA Manufacturing Planning.  

  • More retailers offer Ultra’s prepaid service

    Target, Dollar General and Barnes & Noble are helping customers make an international connection with a new offering from UltraMobile.

  • Alibaba racks up $2 billion in sales in first hour of annual shopping festival

    New York --  Chinese E-commerce giant Alibaba Group Holdings sold about $2 billion worth of goods on its websites within approximately the first hour of its annual shopping extravaganza.    This is the sixth year Alibaba has celebrated Singles Day, or 11.11 (named after the date, 11/11), a 24-hour deep-discount festival designed to boost sales during an otherwise weak period in China's sales calendar.   

  • Lindgren elevated to CEO role at Otter

    No company protects more mobile devices than Otter Products and now the maker of the ubiquitious OtterBox and LifeProof brands has a new CEO.

  • Women in Factories training funded by Walmart

    The Walmart Foundation increased to $10 million its investment in an educational program on track to provide training to 60,000 women in 150 factories.

    The increased funding commitment to the Women in Factories program begun in 2011 was announced in Beijing by Scott Price, CEO of Walmart Asia at the 2014 APEC CEO Summit. The Women in Factories program has already provided training to 40,000 female factory workers and by the end of 2016 the figure is expected to increase to 60,000 women at factories in India, Bangladesh, China, El Salvador, and Honduras.

  • Abercrombie & Fitch Q3 sales drop 12%, missing estimates

    New Albany, Ohio –- Abercrombie & Fitch reported net sales of $911.4 million for the third quarter of fiscal 2014, less than Wall Street forecast, down 12% from $1.03 billion in the year-ago period. The chain cited slowing mall traffic and weaker results in the latter part of the quarter.   

  • Hershey CEO appointed to president’s council on U.S. –Africa trade

    J.P. Bilbrey, CEO of Hershey, has been appointed by the U.S. Secretary of Commerce to President Obama’s newly-established Advisory Council on Doing Business in Africa (PAC-DBIA).  

    Bilbrey will be one of the 15 private sector leaders providing guidance to the president on strengthening partnerships with African nations to leverage the opportunities for U.S. companies committed to supporting the continent for the long term. 

    The private-sector council will focus on strengthening the U.S.’ commercial relationships with African nations. 

  • McCormick names seasoned exec to finance role

    Mike Smith was named SVP finance and CFO North America at McCormick.  In this role he will oversee investor relations, treasury and serve as the CFO of the newly formed North American Leadership Team. 

    Smith’s new team focuses on North American alignment and strategy for growth, performance and people. Joyce Brooks, VP, investor relations and Bob Conrad, VP treasurer will report directly to Smith. 

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