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International Business

  • JCPenney boosts apparel position with Claiborne deal

    PLANO, Texas — JCPenney Co. said Wednesday it will acquire the worldwide rights for the Liz Claiborne family of brands, as well as the United States and Puerto Rico rights for the Monet brand for $267.5 million.

    The company has been the exclusive licensee for all Liz Claiborne and Claiborne-branded merchandise in the United States and Puerto Rico since August 2010.

  • Maturing Consumers: What Retailers and Manufacturers Need to Know About Their Older Customers

    By Martin Walker and Martin Walker, A.T. Kearney’s Global Business Policy Council

    The fastest-growing age group worldwide in this century will be people over the age of 60. What must retailers and manufacturers know to adapt to this older consumer group? In the first-ever international survey of consumers over the age of 60, A.T. Kearney interviewed 3,000 people in 23 countries to find out what mature consumers want. The short answer: prices and labels they can read, packaging they can open, and more places to sit down in stores.

  • Gap to open first Chile stores

    San Francisco -- Gap said Wednesday it will advance its expansion in Latin America with new store openings in Chile in October, and will introduce Gap and Banana Republic stores to Panama and Colombia in 2012.

    “We believe substantial opportunity exists in Latin America and our first stores in Chile, Panama and Colombia will allow us to establish a foundation for further growth in this region,” said Stephen Sunnucks, president, International, Gap.

  • J.C. Penney Co. to acquire Liz Claiborne brands for $268 million

    Plano, Texas -- J. C. Penney Co. said Wednesday it will acquire the worldwide rights for the Liz Claiborne family of brands, as well as the United States and Puerto Rico rights for the Monet brand for $267.5 million.

    The company has been the exclusive licensee for all Liz Claiborne and Claiborne-branded merchandise in the United States and Puerto Rico since August 2010.

  • Uniqlo’s ‘made for all’ style makes its way to Fifth Ave

    NEW YORK — Uniqlo’s NYC flagship may at first seem out of place amongst its Fifth Avenue neighbors, including luxury brands Tiffany & Co., Bergdorf Goodman, Louis Vuitton and Prada, but the location signifies the brand’s “made for all” mantra and its appeal to customers of all income levels.

  • Wal-Mart reverses comp sales decline to cut U.S. cap spending

    Rogers, Ark. -- Wal-Mart Stores had positive news for analysts and investors gathered for the retailer’s annual meeting on Wednesday in Rogers, Ark. The chain said its same-store sales rose in July, August and September, reversing a two –year slump.  It also announced that it plans to cut its capital spending in the United States, even as it increased cap spending abroad,  as it continues to shift toward building smaller stores.  

  • Zale names CFO

    Dallas -- Zale Corp. said Wednesday that it has named Thomas A. Haubenstricker as senior VP and CFO, effective Oct. 17.

    Haubenstricker joins Zale from Turnberry Advisors where he served as a managing director.

  • Retail Orphan Initiative co-founder Greg Buzek honored with national award

    Nashville, Tenn. -- The Congressional Coalition on Adoption Institute (CCAI) honored IHL president and Retail Orphan Initiative (RetailROI) co-founder Greg Buzek with the first annual Paul Singer Award at the 13th Annual Angels in Adoption Congressional gala. RetailROI is a charitable foundation that was established to help the 400 million orphaned and vulnerable children worldwide.

    The award was presented in a ceremony on Oct. 5, in Washington, D.C.

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