International Business

Austin, Texas -- Target Corp., Costco Wholesale Corp., Safeway, Gap Inc. and Whole Foods Market are among 15 retailers recognized on the Ethisphere Institute's 2012 "World's Most Ethical Companies" list. The other retailers honored were Starbucks Coffee Co., Patagonia, Wegmans, Marks and Spencer, Best Buy, eBay, Timberland, Office Max, Petco, and Ten Thousand Villages.

NAPERVILLE, Ill. — OfficeMax has named a new executive to lead its merchandising initiatives including category management, strategic product planning, global sourcing, private label expansion and cost of goods sold. The company anounced that  Ronald Lalla has been named EVP, chief merchandising officer, effective Monday, March 19. He will report to Michael Lewis, EVP, president retail.

Chicago -- Fraud prevention and risk management provider Accertify said Thursday that Forever 21 will deploy its fraud prevention solution, customized to the retailer’s e-commerce business.

Forever 21 said it is growing its online presence internationally and turned to Accertify, an American Express company, to process and decrease risk in Forever 21’s online transactions.

NEW YORK — The Ethisphere Institute, which describes itself as a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, has released its sixth annual selection of the World’s Most Ethical Companies. Among this year's list of 145 organizations are several top, U.S. retailers including Safeway, Wegmans, Whole Foods, Costco, Target, Best Buy, OfficeMax and Petco.

Los Angeles -- Guess reported Wednesday that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

Revenue for the quarter edged up 2.5% to $775.8 million, from $756.9 million. Same-store sales dropped 5% in the quarter.

The retailer’s greatest strength came from the performance of its Asian segment, which saw revenue surge 27.5% to $70.6 million in the fourth quarter.

New York City -- A report released Wednesday by Capital Business Credit said that importers who sell to America's major retailers are preparing for a significant uptick in consumer spending this spring and summer.

Pleasanton, Calif. -- Safeway Inc. said Tuesday that Steve Frisby, president of its Portland division, will assume added responsibility for the company's Seattle division.

Frisby replaces Greg Sparks, who is leaving to pursue another business opportunity.

Indianapolis -- Simon Property Group announced that it will acquire a 28.7% equity stake in Klépierre from BNP Paribas for approximately $2 billion.

Klépierre is a Paris-based real estate company that focuses on the ownership, management and development of shopping centers, retail properties and offices across Continental Europe. Klépierre’s portfolio includes 271 shopping centers in 13 countries, with 50% of its properties in France and Belgium, 25% in Scandinavia, and the balance in Central and Southern Europe.