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International Business

  • Men’s Wearhouse Q2 profit up 33%, looks to open 110 stores in next five years

    Houston -- Increased sales across its brands helped drive The Men's Wearhouse’s second-quarter net income up nearly 33%, beating estimates.

    The retailer earned $57.1 million for the fiscal quarter that ended July 30, up from $43 million in the same quarter last year.

    Revenue increased 22% to $655.5 million. Men's Wearhouse said its purchase in 2010 of two British uniform and work-wear companies helped drive business.

  • Former Thomson Reuters exec takes on new role at eBay

    SAN JOSE, Calif. — eBay has announced that Devin Wenig is joining the company as president of its global eBay Marketplaces business unit, which includes eBay, the world’s leading online marketplace; eBay classifieds sites in more than 1,000 cities worldwide; and StubHub, the world’s largest online tickets marketplace. Wenig will report to eBay Inc. president and CEO John Donahoe.

  • Grosvenor Americas makes executive appointments

    Washington, D.C. -- Grosvenor Americas said Wednesday it has appointed Jonathan E. Carr to the position of development manager in the company’s Washington, D.C., office. He previously held the same title in Grosvenor Americas’ San Francisco office.

    The company also announced that Michael Ward has been appointed to the position of VP in the company’s Calgary office. He previously served as VP for Grosvenor Americas in Washington, D.C.
     

  • Report: Starbucks to triple stores in China by 2015; open 700 outlets in South Korea

    New York — Starbucks plans to triple the number of outlets it has in China during the next four years, the Associated Press reported.

    The company expects to increase the number of shops in China from 470 now to 1,500 by 2015, Asia-Pacific President Wang Jinlong said on Tuesday.

    Starbucks also plans to open 700 shops in South Korea by 2016, up from 370 now, the report said.

  • Lord & Taylor brings fashion Home

    NEW YORK — Lord & Taylor unveiled a new concept called Lord & Taylor Home on Friday, at Fashion Center shopping center in Paramus, N.J.  A second location, in Shrewsbury, N.J., is expected to open in several weeks. Lord & Taylor is owned by NRDC Equity Partners, which also owns Canada’s Hudson Bay Co.

  • Zara brings European flare to more customers with U.S. site

    NEW YORK  — Spanish retailer Zara is giving consumers greater access to its European style with the launch of its first U.S. e-commerce site. 

  • Wingstop to open 15 new locations in Atlanta

    Richardson, Texas -- Restaurant chain Wingstop said it has executed development agreements with franchise operators to open 15 new Wingstops in the Atlanta market.

    Three development agreements, including an 11-store deal with Tomahawk Brands LLC, will allow the Texas restaurant chain to expand its Atlanta presence from two locations to 17. The first unit under the new agreements is slated to open in early 2012.

  • Jones Lang LaSalle adds Mexico services

    Mexico City -- Chicago- and Atlanta-based Jones Lang LaSalle announced a major expansion of the firm’s full-service operations in Mexico with the addition of retail services.

    The firm said it has hired Luis Llaca to focus on a wide range of retail services across Mexico, reporting to Pedro Azcue, CEO of Jones Lang LaSalle Mexico.

    Luis was previously VP of retail operations in Mexico for CB Richard Ellis.    
     

  • Nicholas Kirkwood to debut in U.S. at Meatpacking District

    New York City -- Robert K. Futterman & Associates said Tuesday it has secured the first U.S. location for upscale designer footwear brand Nicholas Kirkwood at 807 Washington St. in Manhattan’s Meatpacking District.

    Located between Gansevoort and Horatio Streets, the 1,572-sq.-ft. ground-floor boutique is scheduled to open in the winter of 2012.

  • New leadership era begins at Costco

    ISSAQUAH, Wash. — First it was Steve Jobs, and now Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

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