Skip to main content

International Business

  • Tiffany announces executive personnel shifts

    New York City -- Tiffany & Co. reported Thursday that it has shuffled responsibilities among two of its executive officers, effective immediately.

    Patrick F. McGuiness, 45, has been appointed senior VP and CFO. He joined Tiffany in 1990 and has held a variety of management positions within the finance and merchandising divisions. He was promoted to senior VP finance in 2007, and the new appointment adds responsibility for the retailer’s investor relations program.

  • Whole Foods co-chief sets goal of 1,000 U.S. stores

    Austin -- Whole Foods Market co-CEO Walter Robb told investors at a Jefferies Global Consumer Conference that the now-300-store chain is expected to grow to 1,000 stores in the United States.

    The organic grocer sees opportunity in Canada as well, and Robb said it expects to grow its store count there from six to 35.

  • Report: Rate of CEO dismissals on the rise

    New York City -- A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

    According to the 2011 CEO Succession Report, 51 CEOs in the S&P 500 left their post in 2010, making the rate of CEO succession approximately 10%, consistent with the average number of annual succession announcements from 2000 through 2009.

  • Long-time food retail exec named CFO at Chico's

    FORT MYERS, Fla. — Chico's has named Pamela Knous EVP, CFO and chief accounting officer. Knous assumes the principal finance, accounting, investor relations, and strategic planning responsibilities currently under the direction of Kent Kleeberger, who was appointed to the position of EVP, COO in March. Knous is expected to join the company on June 23 and will report directly to Chico's president and CEO, David Dyer.

  • Genesco acquires 59-store U.K. retailer

    Nashville, Tenn. -- Genesco announced Thursday that it has acquired Schuh Group, a specialty retailer of casual and athletic footwear based in the United Kingdom.

    The purchase price was $159 million.

    Headquartered in Scotland, Schuh operates 59 stores in the United Kingdom and Republic of Ireland, 16 concessions in Republic apparel stores and one of the U.K.'s largest online shoe websites. 

  • H&M profit drops 18% on high costs

    STOCKHOLM, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

    The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

    Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

  • CPG companies get much needed boost from technology

    WASHINGTON — The vitality of consumer packaged goods companies is healthy again, according to a new report issued by the Grocery Manufacturers Association and PricewaterhouseCoopers on Wednesday.

  • H&M profit drops 18% on high costs; plans 178 new stores in second half

    Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

    The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

    Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

X
This ad will auto-close in 10 seconds