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International Business

  • Gap design EVP out as company looks to revamp division

    SAN FRANCISCO -- Gap Inc. announced that Patrick Robinson, EVP Gap global design for adult and body, is leaving the company, effective immediately.

    “After spending the last three months in New York with the Creative team, I have made the decision to make a change within our Gap Adult design team,” said Pam Wallack, head of the Gap global creative center in New York.

  • Whole Foods Q2 income up 33%, gets new stock symbol

    Austin, Texas -- Whole Foods Market's second-quarter net income rose 33% on strong sales, beating analyst expectations. The company raised its full-year earnings outlook.

    Whole Foods said the overall results for the quarter were its strongest in five years. It has fully repaid its long-term debt and is considering using its growing cash balance to grow faster, raise its dividend and repurchase stock.

  • Consumer 360: This could be interesting

    Walmart.com EVP Steve Nave and online grocer Peapod’s COO Mike Brennan are slated to share the stage at Nielsen’s upcoming Consumer 360 conference in Orlando June 20 to 22 during a session moderated by Adam Lashinsky, Fortune’s editor-at-large.

  • Wal-Mart to invest $756 million in Brazil

    New York City -- Wal-Mart Stores said that by the end of the year it will have invested the equivalent of approximately $756 million to expand its operations in Brazil.

    Marcos Samaha, president of Wal-Mart's Brazilian subsidiary, said in a Tuesday statement that 1.2 billion reals ($755 million) will be used to build 80 stores, renovate existing locations and improve logistics.

  • New leadership named at P&G

    CINCINNATI -- The Procter & Gamble announced the following organizational changes:

    Edward Shirley, vice chairman beauty and grooming, will retire from P&G, effective Jan. 1, 2012, after 33 years service.  Until that time, effective July 1, Shirley has been named vice chairman on special assignment, continuing to report to Robert McDonald, chairman of the board, president and CEO.  

  • JoS. A. Bank taps FiftyOne to extend Internet channel overseas

    Hampstead, Md. -- JoS. A. Bank Clothiers is now allowing international customers to place orders on its website. The retailer is now able to deliver website orders to customers in over 90 countries. JoS. A. Bank will utilize a third-party provider, FiftyOne Global Ecommerce (“FiftyOne”), New York City, to facilitate the checkout of the orders and to export and deliver the orders to the international destinations.

  • Oracle World Retail Awards: Call for entries

    New York City -- Retailers from around the world have until May 20 to enter the annual global competition, the Oracle World Retail Awards. Online entry is open at worldretailcongress.com.

    The awards, designed to recognize the outstanding innovation and creativity delivered by l retailers worldwide, are presented each year at a gala event during the World Retail Congress. This year’s presentation will be held Sept. 27 in Berlin.

    The winners in 2010 were as follows:

  • J.C. Penney completes new $1.25 billion credit facility

    Plano, Texas -- J. C. Penney Corp. has completed a new five-year $1.25 billion bank credit facility.

    The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the company's liquidity position. The facility may be used for general corporate purposes and will mature in April 2016.
     

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