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International Business

  • Walgreens' vital signs good in Q1

    Walgreens said stronger sales from established stores helped it trump analyst expectations for the first quarter, even as the company's acquisition of European retailer Alliance Boots remains on track to close this month.

    Walgreens reported a 16.4% lift in quarterly profit to $809 million that was credited to the 222 million prescriptions filled for the first quarter ended Nov. 30. 

  • Calvin Klein pushes out e-commerce expansion

    Calvin Klein is aggressively expanding its e-commerce capabilities in an effort to directly sell the brand in more than 20 countries by the end of 2016, the company announced.

  • Buyer interested in American Apparel; board names new chair

    Los Angeles – Change is occurring at American Apparel Inc., and it may be coming from external as well as internal sources. The board of directors of American Apparel has confirmed that it has received an indication of interest to acquire the struggling company for $1.30 to $1.40 per share.    The identity of the potential buyer has not been disclosed, but in a press release American Apparel said it “takes these matters seriously, and will evaluate this proposal in the ordinary course of business. 

  • Home Depot, Warby Parker and Chico’s to be honored at NRF Showv

    New York - Executives from The Home Depot, Warby Parker and Chico’s will receive top honors at the National Retail Federation’s annual covention (the Big Show) in New York.   Frank Blake, former Home Depot CEO and current chairman, will receive NRF’s Gold Medal Award. Clicks-to-bricks eyewear retailer Warby Parker will receive the Retail Innovator of the Year Award,  with company co-founders and co-CEOs David Gilboa and Neil Blumenthal accepting the award.   

  • Industry leaders to be honored at Big Show

    Executives from The Home Depot, Warby Parker and Chico’s will receive top honors from the retail industry next month when the National Retail Federation convenes its annual Big Show in New York.

  • Walgreens to exit NYSE for Nasdaq

    Deerfield, Ill. - Walgreen Co. intends to apply to list the shares of Walgreens Boots Alliance Inc. common stock on The Nasdaq Stock Market under the ticker symbol “WBA” following the closing of its merger with UK-based pharmacy retailer Alliance Boots. The company will voluntarily withdraw its common stock from listing on both the New York Stock Exchange (NYSE) and the Chicago Stock Exchange (CHX).  

  • Gap appoints digital exec as new CEO

    Gap has appointed a new CEO. Art Peck, currently president of the company’s growth, innovation and digital division, will succeed Glenn Murphy as the company’s next executive chief, effective Feb. 1, 2015.

    The company said that after seven years in his role, Murphy made the personal decision to leave the company at the end of the fiscal year. Under Murphy’s stewardship, the company acquired new brands and globalized its business by expanding store locations from 10 to 50 countries, including China.

  • Mexx to close all Canadian stores,ops

    Amsterdam, Netherlands – Dutch specialty fashion retailer Mexx, which operates 800 stores across 55 countries, has retained Gordon Brothers Group and Hilco Merchant Resources to begin going-out-of-business sales at all Mexx retail locations throughout Canada. Mexx currently operates 95 retail locations across Canada.    
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