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International Business

  • Forest City promotes Bishop to COO, Commercial Group

    Cleveland -- Forest City Enterprises said Wednesday it has promoted Duane F. Bishop Jr., to the position of executive VP and COO of the company’s Commercial Group.

    Bishop was previously executive VP – Asset Management. 

    Forest City’s Commercial Group, the largest of three major strategic business units, includes the company’s retail, office and hotel properties.

  • Tesco annual profit up, losses continue at Fresh & Easy

    New York City -- Tesco PLC said Tuesday that its profit rose 14% to $4.3 billion in its most recent fiscal year ending Feb.26, while annual group sales increased 8% to almost $106 billion. However, losses continued to mount at its U.S. division, Fresh & Easy Neighborhood Market, which lost about $302.6 million. The division, which opened its first stores in 2007, now has 172 locations. It has yet to post a profit.

    Tesco remains committed to Fresh & Easy, and said it is ramping up expansion, with about 50 stores on tap for this year.

  • Campbell Soup appoints VP corporate development

    CAMDEN, N.J. — A former Walmart VP has joined Campbell Soup as its VP corporate development.

    In this new role, Raymond Liguori will be responsible for Campbell's efforts in the areas of mergers and acquisitions, strategic alliances and joint ventures. He will report to Craig Owens, Campbell's CFO and chief administrative officer.

  • Gap establishes international division

    San Francisco -- Gap said Tuesday that it is establishing an international division, based in London, to ramp up overseas growth, and will open its first Old Navy stores abroad -- in Japan -- by 2012.

    Gap said it has set a goal for international and online sales to make up 30% of its total by 2013, up from 22% in 2010 and 14% in 2006. The new international division will oversee stores across Europe, the Middle East, North Africa, Asia Pacific and South America.

  • Restructuring accelerates Gap’s global growth

    Gap Inc. wants international and online sales to account for 30% of its revenues within two years and a restructuring announced this week is expected to play a role in facilitating that growth.

    The company said it would consolidate four existing international business units into one under the leadership of Stephen Sunnucks, a 30-year retail veteran who joined Gap five years ago.

  • Family Dollar names VP real estate

    MATTHEWS, N.C. -- Family Dollar Stores announced that it has named Brad Rogers to the position of VP real estate development. Rogers will report to Keith Gehl, SVP real estate and facilities.

    “Accelerating new store growth is a key element of our strategic agenda,” said Gehl. “Through Brad’s leadership we will continue our aggressive growth in both new and existing markets to provide budget-conscious customers with a compelling shopping experience in more areas of the country.”

  • Kellogg names new SVP global supply chain

    BATTLE CREEK, Mich. — A former PepsiCo executive has joined Kellogg's as its new SVP global supply chain.

    Steven Sterling, who most recently served as group VP operations for Pepsi's Frito-Lay division, joined Kellogg's on Friday. He will serve as a member of the company's executive leadership team and report to Kellogg president and CEO John Bryant.

  • QKL opens new hypermarket

    Daqing, China -- QKL Stores said Monday that it opened a new hypermarket store, its 51st, in Hailin County, Heilongjiang Province, on April 15.

    The new store by Northeast China’s leading regional supermarket chain is approximately 7,300 sq. meters and is located in a small shopping center in a newly developed residential area which can serve over 80,000 potential customers.

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