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International Business

  • Land O’Lakes challenges food leaders

    Ensuring the roughly nine billion people who are estimated to inhabit the planet by 2050 have enough to eat is a big challenge. That’s why Land O’Lakes has introduced new program to fund big ideas from future food leaders.

  • Sears names merchandising exec as acting CEO of Sears Canada

    Hoffman Estates, Ill. – Sears Holdings Corp. has named Ronald D. Boire, executive VP/chief merchandising officer of Sears Full Line Stores and Kmart Format, as acting president and CEO of Sears Canada. Boire will leave his role with Sears Holdings and replaces former Sears Canada CEO Douglas Campbell, who the company previously said would leave his post by the end of 2014.  

  • Report: Bank of America says Alibaba tops in e-commerce

    Charlotte, N.C. –- Bank of America has reportedly released a report saying that Chinese e-commerce platform Alibaba Group Holding Ltd. is the leader in global e-commerce, followed by Amazon.com.    According to Benzinga.com, Alibaba currently holds 31% of global e-commerce market share and should grow to capture 33% of global e-commerce market share in 2015.    

  • Quiksilver makes changes to senior leadership

    Huntington Beach, Calif. -- Quiksilver announced that Bob McKnight will retire as a senior executive of the company on Oct. 31, 2014. He will remain a director. The teen retailer also said CEO Andy Mooney has been elected chairman and Pierre Agnes has been promoted to president of Quiksilver, effective Nov. 1, 2014.  

  • Kroger names P&G exec as senior VP, new business development

    Cincinnati -- The Kroger Co. named Alex Tosolini to serve in the newly-created role of senior vice president of new business development, effective Nov. 3.  

  • RetailROI partner and founder featured on CBS Evening News tonight

  • Costco to launch online China store with Alibaba

    Issaquah, Wash. -- Costco Wholesale Corp. will enter China for the first time through the opening of an online flagship store on Alibaba Group’s Tmall Global platform. Tmall Global allows overseas brands and retailers to establish presence on the Alibaba third-party e-commerce platform Tmall.com without the need for physical operations in China.  

  • Signet Jewelers CEO resigns; names COO Mark Light as new chief

    Hamilton, Bermuda –- In a surprise announcement, Signet Jewelers Ltd., the largest jewelry retailer in the U.S., U.K. and Canada, said that its president and COO, Mark Light,  will take over as CEO on Nov. 1. He will replace Signet’s current chief, Michael Barnes, who is resigning from his position and from Signet's board of directors to "pursue opportunities closer to his home in Dallas," effective Oct. 31.  

  • Luxottica CEO resigns after 6 weeks

    Milan, Italy -– Enrico Cavatorta, who accepted the role of CEO at global eyewear manufacturer/retailer Luxottica Group in September 2014, has resigned due to what the company termed disagreements with corporate governance structure. Board member Roger Abravanel also resigned for the same reason.  

  • Maurices plans 16 new stores in time for holidays

    Duluth, Minn. –- Maurices is ramping up its store openings in time for the holiday season with plans to open 16 new stores. These expansions will give the girls’ apparel retailer a total of 938 locations, advancing it toward its goal of having more than 1,300 stores in the United States and Canada.   
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