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International Business

  • Report: Best Buy reviewing British operations

    New York City -- Best Buy Co. is reviewing its 11 stores in the United Kingdom, according to the Sunday Express.

    The chain operates the stores in a joint venture with Carphone Warehouse Group Plc. Best Buy is in talks with its shareholders about all possible options for its British stores, the newspaper said.
     

  • Gap vet named Frederick's of Hollywood president

    HOLLYWOOD — Frederick’s of Hollywood Group announced that former Gap executive Don Jones has joined the company as president and COO.   

    Jones, who most recently served as CEO of Pogan Retail, a consulting firm he founded in 2003. Prior to founding Pogan, Jones served  as SVP stores and operations for Gap Inc., where he was responsible for Gap,  Gap Kids and Gap Body retail stores.  

    During his career, Jones also held leadership positions at Target, Ikea, Filene's and Macy's.

  • Esprit wears out North American welcome

    HONG KONG — On the heels of a 98% drop in its yearly earnings, Esprit Holdings said it is divesting its North American businesses and exiting three major European markets.

    The company said it is actively looking for a partner willing to acquire its North American operations, which include 93 stores in the United States.

  • Retail vet Andy Giancamilli retiring as CEO of Katz Group

    Toronto -- Katz Group Canada has announced the retirement of industry veteran Andy Giancamilli as CEO, effective Feb. 2, 2012.  Katz is Canada’s largest integrated pharmacy network, operating more than 1,800 chain, franchise and independent pharmacies,

    Giancamilli will remain in an advisory role until May 2012. He will be succeeded by Frank Scorpiniti, who joined the company in April as COO.

    Giancamilli came to Katz after serving as executive VP at Canadian Tire. Prior to that, he was president and COO of Kmart.
     

  • Gap vet named Frederick’s of Hollywood president

    New York City -- Frederick's of Hollywood said Wednesday it has named former Gap executive Don Jones as its president and COO. He will be charged with helping to revitalize the Frederick’s Hollywood brand on an international scale.

    Jones, most recently a retail consultant, was senior VP of stores and operations for Gap, where led the rollout of the Gap Body line.

  • Esprit to divest North America operations, looking to offload 93 U.S. stores

    Hong Kong -- On the heels of a 98% drop in its yearly earnings, Esprit Holdings said it is divesting its North American businesses and exiting three major European markets.

    The company said it is actively looking for a partner willing to acquire its North American operations, which include 93 stores in the United States.

  • Women-run businesses to get boost from Wal-Mart initiative

    BENTONVILLE, Ark. — Wal-Mart Stores on Wednesday launched initiatives intended, it says, to help women around the globe in the next five years.

    The retailer has spent the last year developing a plan -- with help from both governmental and non-governmental organizations and philanthropic groups -- which will direct $20 billion over a five- year period on goods and services from U.S. businesses owned by women, as well as double the amount it pays women-run suppliers overseas.

  • Patagonia names e-commerce head

    VENTURA, Calif. — Patagonia., a designer and distributor of technical outdoor clothing, has announced the appointment of Dmitri Siegel as the company's new VP global e-commerce, effective Sept. 12.

    As VP e-commerce, Siegel will provide strategic vision, leadership, and operational expertise in directing Patagonia's e-commerce strategies both domestically and abroad, the company reported. 

  • Ahold names new finance chief

    AMSTERDAM, The Netherlands — Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12. Carr will be a member of Ahold’s corporate executive board, pending shareholder approval. He will succeed Kimberly Ross who is leaving Ahold in November to become CFO of Avon.

    Carr will be responsible for Ahold’s finance, real estate and IT functions. He will also manage the company’s existing €350 million cost reduction program and explore further ways to reduce costs and simplify the business.

  • Wal-Mart launches global women's economic empowerment initiatives

    Bentonville, Ark. -- Wal-Mart Stores on Wednesday launched initiatives intended, it says, to help women around the globe in the next five years.

    The retailer has spent the last year developing a plan -- with help from both governmental and non-governmental organizations and philanthropic groups -- which will direct $20 billion over a five- year period on goods and services from U.S. businesses owned by women, as well as double the amount it pays women-run suppliers overseas.

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