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International Business

  • Uniqlo’s new Paris flagship

    New York -- Uniqlo debuted a new flagship with the opening of its fifth location in Paris, in the city’s Marais area.

    Located in a 19th century building that once housed a foundry, the three-level, 8,800-sq.-ft. store combines such historic details as a 115-ft- red-brick chimney with a modern layout and high-tech accents, including video screens and LED displays.

    It was designed by Tokyo architects Wonderwall, a longtime collaborator with Uniqlo.

     

  • Coach profit falls amid increased competition

    New York -- Coach Inc. third-quarter net income dropped 20% to $190.7 million, from $238.9 million a year earlier, amid increased competition from Michael Kors and others.

    Revenue for the quarter ended March 29 fell 7.4% to $1.1 billion, compared to analysts’ $1.13 billion estimate. Same-store sales in North America fell 21%. Sales will continue to fall through the rest of the year, the company said.

  • Digital family wallet Oink strengthens leadership team

    Virtual Piggy’s Oink has appointed Trent Walker to VP business development for key accounts.

    Walker has more than 10 years of payments and finance industry experience, working with many of the world’s leading corporations, including Google and Facebook. For the past six years, Walker has held strategic leadership roles within the financial services department at Arvato, the $6 billion per year division of Bertlesmann.

  • REI elects two new members to board

    Seattle -- REI's members recently elected two new directors to represent their interests on the co-op's board of directors.

    Karen E. (Kari) Glover and Sharon Philpott were elected to three-year terms and Cheryl Scott was re-elected to a three-year term. Earlier in the year, the REI board re-appointed Chloe Harford and Matt Compton to one-year terms.

  • eBay’s global commerce footprint continues to grow

    eBay continues to strengthen its position in global commerce, as the company reported a 14% increase in revenue for the first quarter ended March 31 to $4.3 billion compared to the same period last year.

    Total company enabled commerce volume (ECV) increased 24% in the quarter to $58 billion. Mobile ECV advanced 70% to $11 billion representing 19% of volume. Mobile downloads since inception exceeded 240 million and attracted 6.5 million new customers in the quarter. Cross-border trade grew 24%, representing $13 billion, or 22%, of total company ECV.

  • Bob Evans Farms names three independent directors

    New Albany, Ohio - Bob Evans Farms Inc. has appointed Kevin M. Sheehan, president and CEO of Norwegian Cruise Line, Kathy S. Lane, former CIO of TJX Companies Inc., and Larry S. McWilliams, co-CEO of Compass Marketing, to its board of directors. E. Gordon Gee, 70, is stepping down from the board effective immediately, following his acceptance in March of the permanent position of president of the West Virginia University.

  • Petco names CFO

    San Diego -- Petco has named Larry Rutkowski as executive VP and CFO. Prior to joining Petco, Rutkowski served as  executive VP and CFO for The Warnaco Group, an American textile and clothing corporation, and Primedia, a consumer advertising, new media and publishing company, both in New York.

    Previously, he also held senior financial leadership positions at General Electric and Walt Disney Company.

     

  • Estée Lauder taps new VP, corporate global communications

    The Estée Lauder Companies have named Christopher C. Giglio as VP, corporate global communications. He will report to Alexandra C. Trower, EVP, global communications.

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