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International Business

  • Report – FBI warns of catastrophic new malware

    Washington, D.C. – The FBI is reportedly warning U.S. businesses of a catastrophic new malware that may have links to the governments of North Korea and/or Iran. According to Reuters, the malware has previously been used in destructive attacks against businesses in the Middle East and Asia, but was detected for the first time in the U.S. in a recent cyberattack that shut down corporate email for a week and damaged other systems at Sony Pictures Entertainment.

  • Retailers launch campaign to eliminate Alibaba ‘threat’

    Washington, D.C. - The Alliance for Main Street Fairness (AMSF) launched a television advertising campaign to educate lawmakers on what is says is the imminent threat posed by China's online mega-retailer Alibaba as it enters the U.S. retail market. Retailers are asking the U.S. House of Representatives to join the U.S. Senate by passing e-fairness legislation that closes the online sales tax loophole this year.    

  • HSN names Fruit of the Loom exec Cornerstone president

    St. Petersburg, Fla. - HSN Inc. has named Jeffrey Kuster as president of Cornerstone and executive officer of HSNi. Kuster, 48, has held various leadership positions in the apparel, fashion and retail industries, most recently as executive VP, chief marketing and strategy officer for Berkshire Hathaway's Fruit of the Loom.  

  • Commentary: From Singles Day to Cyber Monday - Branded Retail Events in a New Era of Consumerism

    By Kosha Gada  

  • Lowe’s plans 3 new Canadian stores

    Mooresville, N.C. – Lowe’s Companies Inc. will open three new stores in Canada, starting with a 94,500-sq.-ft. store in Lethbridge, Alberta in spring 2015. Lowe’s also plans to open an 86,000-sq.-ft. store in Saskatoon, Saskatchewan and a 75,000-sq.-ft. store in Saulte Ste. Marie, Ontario.  

  • Hunter’s new global flagship will serve as model for future stores

    London - Hunter, the British footwear and outdoor brand, opened its first global flagship, on London’s high-profile Regent Street. The 5,300-sq.-ft. store presents the retailer’s full collection, from its signature Wellington boots to outwear and accessories.   

  • Top five priciest retail rents in the world go to…

    New York - Manhattan’s high-profile Fifth Avenue, at a whopping $3,550 per sq. ft., and Hong Kong’s Queen’s Road Central, at $2,073 per sq. ft., stand out as the most expensive retail rents in the world, according to Colliers International. Rounding out the top five are Hong Kong’s Canton Road, Manhattan’s Madison Avenue and Paris’ Champs Elysees. (See end of story for a more complete list.)  

  • This brand is lighting up Las Vegas retail

    The ranks of smokers may be dwindling but there is one place where lighting up remains socially acceptable and one iconic brand is capitalizing on the situation.

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