International Business

Indianapolis -- Jones Lang LaSalle said that Rebecca Wells has been named EVP in the company’s Indianapolis office, part of its Capital Markets arm.

In her new role, Wells will work closely with Midwest Capital Markets leader and International Director John Huguenard to expand the firm’s platform of services, focusing on retail and office dispositions in the Midwest.

Wells joins Jones Lang LaSalle from national commercial real estate firm Cassidy Turley, where she served as SVP Institutional Sales Group.

Sidney, Neb. -- Cabela’s Inc. announced plans to open two new locations, with one in Tualatin, Ore., and the other in the north Edmonton, Alberta, Canada, area.
 
Construction is scheduled to begin this summer on the Canadian outpost, with a spring 2014 opening planned. The 50,000-sq.-ft. store will be located in the Manning Town Centre in north Edmonto.
 

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.

The company reported first-quarter revenues of $2.49 billion, an increase of 3% over the prior-year period. Volume and currency each declined approximately 1%, while acquisitions added 4% to that total. 

Net earnings declined to $81.1 million for the quarter, compared with $121.8 million in the same quarter last year. 

HERSHEY, Pa. — The Hershey reported a net sales increase of nearly 6%, driven by core brand volume. Consolidated net sales were $1.8 billion for the first quarter ended March 31, compared with $1.7 billion for the same period last year. 

Reported net income for the first quarter of 2013 was $242 million compared with $199 million for the same period last year.

Walmart and other retailers are facing renewed criticism over their global sourcing practices following another factory disaster in Bangladesh.

Reuters is reporting that a block of garment factories and shops collapsed in Savar, 20 miles outside Dhaka, on Wednesday, killing 251 people and injuring more than a thousand. According to the report, an unknown number of the more than 3,000 people who work at the factory remain trapped inside. For more information, go to:

ATLANTA — Coca-Cola’s board of directors has elected Robin Moore as one of the company’s VPs.

Moore, 47, was recently named chief of internal audit, effective May 1, replacing Connie McDaniel who is retiring after 24 years with the company. Moore is currently global director of finance operations in global business services. She began her career with the company in 1995 and has assumed roles of increasing responsibility including senior audit manager in corporate audit and director of financial reporting in the controller’s group.

Secaucus, N.J. -- The Children's Place said Wednesday that current CFO Michael Scarpa has also been appointed COO, effective immediately.

Scarpa will continue to oversee finance, information technology, distribution, logistics and wholesale, and will add store operations, store development and international to his current responsibilities.

Prior to joining The Children's Place, Scarpa was COO and CFO of The Talbots.

New York -- A Wednesday report by Bloomberg said that Apple plans to double its number of retail stores in China over the next two years to help offset slowing growth worldwide.

Washington, D.C. -- The U.S. Senate on Wednesday voted 96-0 to confirm former Wal-Mart Foundation president Sylvia Mathews Burwell as White House budget director.

Burwell, the first fully confirmed budget director since January 2012, when Jack Lew, now Treasury Secretary, left the position to become Obama's chief of staff, received a vote of confidence from her former employer.

EMERYVILLE, Calif. — Clif Bar & Company has promoted president and COO Kevin Cleary to CEO. In his new role, Cleary will focus on expanding Clif Bar’s growth in the sports nutrition and healthy snacks category while continuing to lead the company’s day-to-day business operations. 

Owners Gary Erickson and Kit Crawford will continue as co-chairs of Clif Bar & Company’s board of directors and become co-chief visionary officers guiding the company’s Five Aspirations business model.