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International Business

  • Record year for Whirlpool

    Whirlpool reported record earnings in 2013 for the full-year and three months ended Dec. 31, with net earnings more than doubling over 2012.

    The company reported net earnings of $827 million compared with last year’s $401 million. Additionally, fourth-quarter earnings of $181 million were 48.4% above year-ago figures.

    Overall, net sales for the appliance manufacturer were $18.8 billion for the year — a 3.5% improvement — and $5.09 billion for the quarter, up 6.2% year-over-year.

  • Anna’s Linens names Gladstone CEO

    Costa Mesa, Calif. – Anna’s Linens has named company president Scott Gladstone CEO. Founder and former CEO Alan Gladstone will remain as chairman of the board.

    Gladstone, 44, joined Anna’s Linens in 2005 and was named president of the company in 2012. Prior to joining Anna’s, Gladstone spent 10 years as president of the U.S. division of Sparco, a global manufacturer of automotive performance products and safety equipment.

  • Wal-Mart lowers same-store sales guidance for Q4

    Bentonville, Ark. – Wal-Mart Stores, Inc. has lowered the same-stores sales guidance it previously released for fourth quarter 2013 due to factors including severe winter weather and reduced governmental assistance to consumers. Wal-Mart U.S. guidance for the fourth quarter previously projected same-store sales without fuel to be relatively Sam’s Club same-store sales without fuel to be between flat and up 2%.

  • Abercrombie & Fitch edits leadership team

    Abercrombie & Fitch has promoted Jonathan E. Ramsden, currently the company's EVP and CFO, to the position of COO, a new role at the company. Ramsden will continue to serve as CFO, in addition to his COO role, until a new CFO is appointed.

  • Former Walmart exec joins supply chain group

    Gary Maxwell has joined the Supply Chain Management Research Center as an executive in residence.

    Maxwell retired from Walmart last year after serving as SVP of the global business process team. He held a variety of senior supply chain and logistics roles at Walmart after joining the company in 1999 from the now defunct regional discount chain Caldor. Since his retirement, Maxwell launched Maxwell Value Chain, to provide replenishment and supply chain services to retail suppliers.

  • Urban Outfitters selects planning solution

    Philadelphia -- Urban Outfitters, Inc. has selected TXT Integrated Retail Planning from TXT Maple Lake to support end-to-end retail planning across regions, brands and channels, from strategy through to assortment execution. The solution will help Urban Outfitters, Inc. manage the whole spectrum of its retail planning processes: strategic, merchandise planning, store grading, open to buy (OTB) and assortment planning, both pre-season and in-season.

  • Hershey regains “candy king” title

    Solid volume growth and new product sales in North America helped The Hershey Company regain its category leadership position in the candy, mint and gum business with a 30.1% market share.

    The company synonymous with chocolate said its fourth quarter sales increased 11.7% to nearly $2 billion and that sales in North America slightly exceeded expectations due to a solid holiday season.

  • Staples promotes two execs

    Framingham, Mass. - Joe Doody, president North American commercial, has been named vice chairman of Staples, Inc., and Shira Goodman, executive VP, global growth, has been named president, North American commercial of Staples, Inc. Both Doody and Goodman will continue to report to Ron Sargent, chairman and CEO. The appointments are effective February 2.

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