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International Business

  • Brown Shoe names new leadership at sporting goods division

    ST. LOUIS — Brown Shoe Company announced that it has made four strategic additions to the leadership team within its American Sporting Goods division, appointing James Hoff as VP sales across all ASG brands, Alan Vickers as VP international, Brad Little as VP and brand manager Avia and Nevados, and Jorge Cabrera as VP athletic product development.

  • Carrefour not in talks with Wal-Mart

    New York City -- Carrefour SA said Tuesday that it is not in discussions to sell its Brazilian unit to Wal-Mart Stores.

    Newspaper Valor Economico had reported that the U.S. retailer was in discussions with Carrefour to acquire the French retailer’s Brazilian unit. The acquisition would have made Wal-Mart the largest retailer in Brazil after the acquisition. 
     

  • CBRE announces exec promotion

    New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

    Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

  • Taubman to acquire Chinese retail property consultancy for $24 million

    Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.

  • McDonald’s sales up 5.1% in July

    Oakbrook, Ill. -- McDonald's Corp. said Monday that its global same-store sales climbed 5.1% in July, buoyed by ongoing strength abroad and sales of its McCafe beverage and staples such as Chicken McNuggets.

    By segment, same-store sales rose 5.3% in Europe. The Asia/Pacific, Middle East and Africa experienced a 4% gain, while the United States posted a 4.4% increase.

    Last month McDonald's reported a 15% increase in second-quarter net income as it continued to entice customers to buy new menu items.
     

  • American Apparel expands agreement with U.K. website ASOS

    Los Angeles -- American Apparel announced the extension of its partnership with ASOS. The U.K.-based fashion site, which has more than 3.7 million members, has expanded its buy of American Apparel products based on a 100% sell-through rate of a test buy earlier this year.

  • A deal is a deal, except in South Africa

    Operating internationally is full of pitfalls and political peculiarity, as Walmart has again discovered in South Africa where various government officials are attempting to wring additional concessions from the company related to its acquisition of Massmart.

  • Clone of A deal is a deal, except in South Africa

    Operating internationally is full of pitfalls and political peculiarity, as Walmart has again discovered in South Africa where various government officials are attempting to wring additional concessions from the company related to its acquisition of Massmart.

  • Delhaize America turns out positive Q2 results

    SALISBURY, N.C. — New stores, higher retail inflation and positive calendar impact drove sales up for Delhaize America, the U.S. sector of the Delhaize Group, during the second quarter ended June 30.

    The division, which operates such banners as Food Lion, Hannaford and Bottom Dollar Food, reported that revenues rose 4.3% to $4.9 billion, while comparable-store sales increased 1.6%. Operating profit, however, dropped 2.7% to $205 million.

  • Cabela’s to build store in Rogers, Ark.

    Sydney, Neb. -- Cabela’s announced plans to build a store in Rogers, Ark. The 100,000-sq.-ft. store, Cabela’s first in Arkansas, is scheduled to open in the summer of 2012. The retailer also has also announced plans to build stores in Wichita, Kan., and Tulalip, Wash., as well as Saskatoon, Saskatchewan, Canada, all expected to open in 2012.

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