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International Business

  • The hard part begins for Target in Canada

    Deciding back in January 2011 to spend roughly $1.8 billion to acquire 220 Zellers’ leases was easy compared to the challenge Target has undertaken more recently in Canada.

  • Ralcorp investor named to board of directors

    ST. LOUIS — Ralcorp Holdings has named Keith Meister, the founder and managing partner of Corvex Management LP, to its board of directors, effective immediately.  In addition, Meister will join the strategy and financial oversight committee which is charged by the board of directors with the evaluation of strategic opportunities to drive shareholder value.

  • Corner Bakery names new president to lead expansion

    Dallas -- Corner Bakery Café said Wednesday it has named Gary Price as president of the chain.

  • Uniqlo to open first West Coast flagship in San Francisco

    SAN FRANCISCO — Fast Retailing will open its first West Coast Uniqlo flagship store in the Union Square neighborhood of San Francisco.

  • P&G, NextFoods execs join Ecologic board

    OAKLAND, Calif. — Ecologic Brands, makers of America’s first molded paper bottles, has named Alan Murray, CEO of NextFoods and Dr. Steve Miller, chief innovation catalyst at P&G, to its advisory board.

  • 3M realigns business structure

    3M has announced a realignment of its major business groups to better serve global markets and customers, effective immediately.

    The new structure will be comprised of five business groups: Consumer (2011 sales of $4.2 billion), Industrial ($9.6 billion), Health Care ($5.0 billion) and two newly formed business groups: Safety & Graphics ($5.5 billion), and Electronics & Energy ($5.7 billion). Previously, the company operated six segments.

  • Tesco first half profit drops on high turnaround costs

    London -- British retailer Tesco reported Wednesday that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.

    Revenue for the period inched up 1.6% to $51.9 billion, but costs were up as well for the world’s third-largest retailer. Same-store sales fell off 0.7%.

    "The plan is a long course of treatment for us, not a single dose," new CEO Philip Clarke said of the turnaround plan.

  • Target ranks sixth in RT Top 100

    In case you missed it, Retailing Today published its annual Insights 2013 issue recently and while Target is currently the nation’s sixth largest retailer that position is likely to change in 2013.

    It is conceivable Target could become the nation’s fourth largest retailer by this time next year, overtaking both Home Depot and Walgreens.

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