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International Business

  • Macy's weaves in a good cause with new rug line

    NEW YORK — Macy’s announced that it will offer an exclusive collection of area rugs that have been certified by GoodWeave, an international nonprofit organization that works to ensure rugs made by hand in Nepal and India are free of child labor. The GoodWeave collection, including 20 styles available in various sizes, will be carried in select Macy’s stores in New York and New Jersey.

  • Wal-Mart completes Massmart deal

    Bentonville, Ark. -- Wal-Mart Stores, announced Monday that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited.

  • Formidable foe awaits on the Northern front

    Target’s first stores in Canada are not scheduled to open until 2013, but this week the company can get a glimpse of what it’s up against when Walmart Canada president and CEO David Cheesewright is scheduled to speak at the Jefferies 2011 Global Consumer Conference.

  • Hot Retailers

  • Wal-Mart: Senior China exec has departed company

    Bentonville, Ark. -- Wal-Mart Stores disclosed in an email Friday that its China senior VP operations has left the company.

    According to a Friday report by Bloomberg, Shawn Gray has left the company, but no reason for the departure has yet been given.
     

  • Former Home Depot exec joins lighting company

    TCP, the Aurora, Ohio-based manufacturer of energy efficient lighting products, has announced that industry veteran Jorge Fernandez will be joining the company in the position of SVP business development. Fernandez comes to TCP from Home Depot, where he led the company’s energy efficient lighting category.

  • QKL Stores COO resigns

    Daqing, China -- China supermarket chain QKL Stores announced Friday that its COO Alan Stewart has resigned, effective immediately.

    The retailer said Stewart has left to pursue other opportunities. He will continue to serve as a consultant to the chain.

    The Assistant COO, Xishuang Fan, has been promoted to COO.
     

  • Collective Brands CEO resigns

    Topeka, Kan. -- Collective Brands, parent to the Payless ShoeSource and StrideRite brands, announced Wednesday that its chairman and CEO Matthew E. Rubel has resigned, effective immediately.

    Rubel said in a release that he is leaving to pursue “a new chapter” in his career, and the company has offered no additional explanation.

    Collective Brands said it is searching for a permanent replacement.

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