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International Business

  • Sara Lee names supply chain head for coffee and tea business

    UTRECHT, Netherlands — Sara Lee Corp. has appointed Luc Volatier as SVP supply chain and operations of its international coffee and tea business effective April 1.  Volatier, 44, will be in charge of all procurement, supply chain and manufacturing operations. He will continue to serve in the same role once the international coffee and tea business is spun-off from Sara Lee Corp. in the first half of 2012.

  • Williams-Sonoma Q4 profit up 8%; announces resignation of COO/CFO

    San Francisco -- Williams-Sonoma Inc.’s fiscal fourth-quarter net income rose 8%, boosted by strong performances from its Pottery Barn and West Elm brands. The company also announced that COO and CFO Sharon McCollam, 48, has retired.

    Although the home-furnishings retailer’s results beat Wall Street estimates, it offered fiscal 2012 earnings guidance that was slightly below what analysts expect. Its revenue forecast for the year was above analysts' estimates.

  • Starbucks to open 4,500-sq.-ft. 'concept' store in Amsterdam

    Seattle -- Starbucks will open its largest location in Europe, in the center of Amsterdam, on March 9. The 4,500-sq.-ft. store is located in the vault of the historic Amsterdamsche Bank, a landmark building on Amsterdam’s famous Rembrandt Square.

  • It’s all relative on the global stage

    Walmart president and CEO Mike Duke frequently asserts no other global retailer is better positioned than Walmart, and it is easy to see why he holds that view especially when compared with the situation at the world’s second largest retailer.

  • The future of finance comes to New York

    Incoming Target CFO John Mulligan and outgoing CFO Doug Scovanner participated in a Target sponsored meeting last Friday at the New York stock exchange. The event gave Wall Street analysts an opportunity to get to know Mulligan, and the consensus is the guy is a strong replacement for longtime CFO Scovanner whose tenure ends March 30.

  • Kimberly-Clark names president global brands and innovation

    DALLAS — Kimberly-Clark has elected Tony Palmer, SVP and chief marketing officer, to the role of president global brands and innovation.

    In his expanded role, Palmer will leverage the company's scale to build brands and drive growth for its businesses around the world.  He will partner with K-C's regional business leaders to achieve their business objectives.

  • Target does well, but Fortune’s Most Admired misses retail mark

    Target ranked 25th on Fortune’s listing of the 50 Most Admired Companies, which is the lowest level in the past six years. The decline could be viewed as troubling, but only if you buy into the notion that the list is the definitive report card on corporate reputations.

    It is not, at least as far as retailers are concerned. In 2011 and 2010, Target was ranked 22nd, down from 2009 when it was ranked 19th and considerably below 2008 when it nearly broke into the top 10 with a ranking of 11th after a ranking of 13th in 2007.

  • Winning with Target requires domestic insights and international understanding

    Target has some ambitious growth plans for the next five years, and to help suppliers participate in that growth Retailing Today has partnered with the consulting firm Sales Is Not Simple to host a unique event on April 26 in downtown Minneapolis.

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