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International Business

  • The Container Store to go public

    New York -- The Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

    The retailer, which operator of 62 stores in 22 states with annual sales of $702 million,  said it sees the potential for  c as many as 300 U.S. Locations,  with international growth also a possibility. It expects to open six stores during the current fiscal year and seven stores next year.

  • Birks & Mayor to change name to Birks Group

    Montreal -- Luxury jewelry store operator Birks & Mayors Inc. announced that effective Oct. 1, its corporate name will be changed to Birks Group Inc. and its ticker symbol will be changed to BGI.

  • Walmart Foundation names new president

    Bentonville, Ark. -- Walmart announced that Kathleen McLaughlin, 48, has been named president of the Walmart Foundation, effective Oct. 15.

    In addition to leading corporate giving, she will have responsibility for the company's global sustainability, women's economic empowerment initiatives and healthier food initiatives.

    McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.

  • Tesco’s Fresh & Easy declares bankruptcy to ease sale to Burkle

    New York -- Tesco Plc’s Fresh & Easy chain filed for Chapter 11 bankruptcy as part of a plan to sell most of the U.S. chain’s 167 stores to a private equity firm led by billionaire Ron Burkle.

    Fresh & Easy cited debt between $500 million and $1 billion in a court filing on Monday in U.S. Bankruptcy Court in Wilmington, Del. According to the documents, a unit of Tesco will end up with a 22.5% stake in the Yucaipa affiliate that acquires the supermarket chain.

  • West Elm will spend $35 million on handmade crafts

    Brooklyn, N.Y. -- Home furnishings retailer West Elm today announced its 2013 Clinton Global Initiative (CGI) Commitment to Action with a purchasing plan of $35 million in handcrafted products through 2015, a 40% increase in spend during the next two years. West Elm, a member of the Williams-Sonoma, Inc. portfolio of brands, also pledged to make and source these products from businesses adhering to high social responsibility, health and safety standards, meeting local laws, best industry practices and the brand’s vendor code of conduct.

  • Patagonia adds Joy to marketing team

    Leading outdoor brand Patagonia named former Nike, Coca-Cola and Johnson & Johnson marketing executive Joy Howard as its new VP of marketing.

    Howard joined Patagonia’s marketing team effective September 23 and will lead the development and execution of global marketing across all sales channels and communication platforms for Patagonia, as well as for the wider portfolio of Patagonia initiatives in food and media, and new brand extensions.

  • Walmart Foundation appoints new president

    The Walmart Foundation has appointed Kathleen McLaughlin as its president, effective Oct. 15. In addition to leading corporate giving, she will have responsibility for the company's global sustainability, women's economic empowerment initiatives and healthier food initiatives. 

    McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.

  • The Container Store is going public

    Ending years of speculation, the Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

    The operator of 62 stores in 22 states with annual sales of $702 million contends the U.S. can support as many as 300 locations with international growth also a possibility. The company expects to open six stores during the current fiscal year and seven stores next year. The company’s stores average around 19,000-sq.-ft. and carry approximately 10,500 items grouped in 16 departments.

  • Tractor Supply Company will open first Nevada store

    Brentwood, Tenn. — Tractor Supply Company has announced the opening of its first store in Nevada — in Carson City. The move is part of the company’s expansion strategy into the western region of the country. Tractor supply plans to open 100 to 105 stores in 2013.

    The company currently operates more than 1,223 stores in 47 states and plans to grow to 2,100 stores.

     

  • Red Robin swoops into Hagerstown, Md.

    Greenwood Village, Colo. — Red Robin will open a new restaurant in Hagerstown, Md., in late October.

    The new restaurant will add to the chains 480 U.S. restaurants located across the U.S. and Canada.

     

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