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International Business

  • Former Dell exec named head of SAP North America

    NEWTOWN SQUARE, Pa. — Enterprise software application company, SAP, has named Geraldine McBride as president of its North America region. In this role, McBride is responsible for all of SAP's business operations in the United States and Canada. She will report to Robert Enslin, president of sales and part of the SAP Global Managing Board.

  • Old Navy taps into H&M success with new brand leader

    SAN FRANCISCO — Gap Inc. has selected long-time H&M veteran, Stefan Larsson, as the first global brand president for Old Navy. Larsson will join the company by October.

  • Federal Realty Celebrates a Half-Century in Retail

    As one of the oldest REITs in existence today, Federal Realty Investment Trust has every right to send up some fireworks over reaching the 50-year mark this year.

    The Rockville, Md.-based real estate company was established in 1962 with three properties in the metropolitan Washington, D.C., area, including Congressional Plaza (shown here, both then and now). Today, Federal Realty’s portfolio comprises about 19.3 million sq. ft. primarily in its core base of the northeastern and Mid-Atlantic U.S., as well as in California.

  • Collective Brands to be acquired for $1.3 billion, broken up

    New York -- Shoe manufacturer Wolverine Worldwide Inc. announced Tuesday that it has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

  • Gap names H&M global exec as president of Old Navy

    San Francisco -- Gap Inc. announced Monday that it has appointed former H&M global sales head Stefan Larsson as the new president of Old Navy, effective the end of October.

    Larsson replaces Tom Wyatt, who left the company in February.

    The move is expected to pay dividends for Gap as it preps to open its first overseas Old Navy store – in Japan – this July.

  • Microsoft investment bolsters B&N digital, college units

    NEW YORK and REDMOND, Wash. — Barnes & Noble has formed a partnership with Microsoft that will put Barnes & Noble's college and digital business under a new subsidiary, referred to for now as Newco. According to a press release, Microsoft will make a $300 million investment in Newco at a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes & Noble will own approximately 82.4% of the new subsidiary, which will have an ongoing relationship with the company’s retail stores.

  • Zale chief joins Express board

    COLUMBUS, Ohio — Express has named Theo Killion has been appointed to its board of directors as a Class III director.  Killion is CEO and a director of Zale Corp.  

  • Online gifting service Wrapp makes U.S. debut; launch partners include H&M, Gap and Sephora

    New York -- Wrapp, a new online gift service from Sweden, has launched in the United States, partnering with such retailers as Gap, H&M and Sephora to let consumers send free virtual gift cards to friends on Facebook.

  • Retail clinics poised for dramatic expansion

    San Jose, Calif. -- Retail clinics and big-name medical centers are poised for dramatic expansion, according to two well-known speakers at the American Telemedicine Association's annual meeting in San Jose this week.

  • Sales surge, profits decline as Amazon.com funds growth in Q1

    First quarter sales at Amazon.com surged 34% to $13.2 billion during the first quarter ended March 31, but profits declined 35% to $130 million due to rising expenses related to growth initiatives.

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