International Business

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.

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.”

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.

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.

Philadelphia -- Urban Outfitters said Thursday that Stephen Murray has resigned as global president of the Urban Outfitters brand.

The company said Murray plans to return to London and "pursue an opportunity with a wholesale business having an international focus."

Urban Outfitters CEO Glen Senk will take on Murray's duties until a replacement is found, the company said.

MINNEAPOLIS -- Best Buy said that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format. 

In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.

Minneapolis -- Best Buy Co. said Thursday that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format. 

In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.

Paris -- French retail giant Carrefour SA reported Thursday that sales in its fiscal first quarter inched up 3.9% to $35.7 billion.

Stronger showings in Brazil and China helped the retailer counteract weaker performance in Western Europe.

Carrefour's sales figures come ahead of a key shareholder vote in June on the company's plans to spin off its discount chain Dia and some European property assets into separately listed companies.