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International Business

  • Gap sees opportunity in China

    HANGZHOU, China -- Gap Inc. is expanding its presence in China. The company announced that it has opened an online Gap store (gap.tmall.com) on Taobao Mall, the business-to-consumer platform within Taobao, China’s largest retail website. Gap's Taobao Mall store will offer a wide selection of stylish products from Gap, GapKids and baby gap, the company reported.

  • Costco head named one of the top CEOs by Barron's

    NEW YORK — Costco Wholesale CEO Jim Sinegal has made the Barron’s magazine list of the top 30 CEOs.

    Sinegal earned the 22nd spot on the list. The magazine pointed out his busy travel schedule, which takes him to most of Costco’s 582 stores every year, as well as a recent trip to Asia from which he arrived in Issaquah, Wash., at 8 a.m., showered and was in the office at 9 a.m.

    The article can be accessed here.

  • Aaron's plans to create almost 1,000 jobs in U.S., Canada in 2011

    Atlanta -- Aaron’s said Tuesday that it plans to create nearly 1,000 jobs in the United States and Canada this year. The lease-to-own retailer said it has added 50 workers so far this year and is on schedule to hire 500 more based on current store opening plans.

    An additional 75 franchised stores is expected to create about 400 jobs.

  • Wal-Mart to reopen 12 quake-hit stores in Japan

    Bentonville, Ark. -- Wal-Mart Stores announced Sunday that it will re-open 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.

    Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami.

    Of Wal-Mart's affected stores, two were severely hit and were completely covered by mud, according to the company.

  • Brown-Forman names managing director for Western Europe division

    LOUISVILLE, Ky. -- Brown-Forman announced today the appointment of Lawson Whiting as managing director Western Europe, based in London, effective May 1.

  • T.G.I. Friday’s parent to double chain over five years

    Minneapolis -- Carlson Restaurants, parent of T.G.I. Friday’s, announced at a conference in Dallas last week that it plans to double the number of units globally under a program it is calling Ambition 2015.

    "With the strength of our Friday's brand, our management team and our franchise partners, we are uniquely positioned to dramatically increase the footprint of our business," said Nick Shepherd, president and CEO of Carlson Restaurants.

  • Tcherassi brings Latin flavor to Payless collaboration

    TOPEKA, Kan. and MIAMI -- Payless ShoeSource announced that it is now partnering with internationally acclaimed Colombian fashion designer, Silvia Tcherassi, to create the latest Payless designer label, Silvia Tcherassi for Payless, with an initial collection available in May.

  • PepsiCo names EVP government affairs

    PURCHASE, N.Y. -- PepsiCo has announced the appointment of Maura Abeln Smith to the position of EVP government affairs, general counsel and corporate secretary, effective May 5.  Smith will succeed Larry Thompson, who is retiring from the company to assume a teaching position at the University of Georgia Law School.

    Smith, who will report to PepsiCo Chairman and CEO Indra Nooyi, will be responsible for the company's worldwide legal function and government affairs organization.

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