International Business

Oak Brook, Ill. – McDonald’s Corp., which recently reported a 33% year-over-year decline in profits for the first quarter of fiscal 2015, is revealing the first steps of its turnaround plan. Beginning July 1, 2015, McDonald's will operate under a new organizational structure with the following market segments:

• U.S.: The company's largest segment, accounting for more than 40% of the Company's 2014 operating income;

Canton, Mass. - In honor of the birth of the royal baby, Dunkin' Donuts is running a special Twitter sweepstakes for the chance to win a trip for two to London. From May 4-5, Dunkin' Donuts is asking its Twitter followers to share who in their life deserves to be treated like royalty.

Athleisure apparel continues to be a driver of growth for Columbia Sportswear Co., which posted record sales in its first quarter.

Mississauga, Canada – Target Corp.’s exit from Canada is reportedly not turning out as smoothly as the retailer had hoped. According to the Toronto Globe and Mail, Target is returning 55 leases it could not find a bidder for to their landlords.

Target is also returning 19 leases for office and warehouse space in Canada. The company operated a total of 133 stores in Canada; meaning about 40% of the store leases did not attract bidders.

The CEO of Carter's Inc. and the former CFO of V.F. Corp. have joined the board of directors at the Fresh Market.

Michael D. Casey, CEO and a director of Carter’s Inc., and Robert K. Shearer, formerly CFO of V.F. Corp., have been named as independent directors effective May 1. With these additions, the Fresh Market’s Board has nine directors, eight of whom are independent directors.

New York - L'Oreal USA is announcing the first measured results of its global sustainability program, Sharing Beauty With All. By 2020, the company pledges that 100% of products will have an environmental or social benefit and 100% of strategic suppliers will be evaluated on their social and environmental performance.

San Jose, Calif. – eBay Inc. shareholders have reportedly voted themselves a measure of power to nominate directors on the company’s board. According to the Wall Street Journal, 59% of shares voting at the meeting approved allowing investors who hold at least 3% of eBay’s shares for three years to nominate up to 25% of the company’s directors.

San Francisco - Visa Inc. is expanding its technology research capabilities globally and appointing Min Wang to senior VP of Visa Research Labs. Wang joins Visa from Google Research, where she was a senior staff research scientist focused on data mining.

She also held senior staff research roles at HP Labs China and at the Unified Data Analytics Department at the IBM Watson Research Center.