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International Business

  • Jones Lang LaSalle expands retail expertise in Midwest

    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.

     

  • Starbucks’ Q2 profit tops estimates

    Seattle -- Starbucks Coffee Company reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.
         
    Total net revenue for the quarter ended March 31, 2013, rose 11% to $3.56 billion, not quite the $3.58 billion Wall Street expected.  Global same-store store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5%.
     

  • Walmart faces new factory disaster in Bangladesh

    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:

  • Cabela’s announces plans for two new locations

    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.
     

  • S&S sells Sunoco portfolio for $32 million to Cole Real Estate

    Dallas -- S&S Enterprises said it has sold a portfolio of 12 Sunoco fuel centers and convenience stores in central and southeast Florida for $32 million to entities managed by Cole Real Estate Investments.

    The portfolio consists of 37,275 sq. ft., with seven of the 12 locations having been redeveloped and all locations having received 20-year lease extensions.

  • Coca-Cola names former Ernst & Young exec VP

    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.

  • New acquisitions propel Stanley Q1 results

    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. 

     

  • Shisui Premium Outlets opens with lineup of first-to-Japan brands

    Tokyo, Japan -- Indianapolis-based Simon Property Group said that, in partnership with Mitsubishi Estate Co., it has opened Shisui Premium Outlets (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center in Japan.
     

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