The Children’s Place plans Israel expansion
Secaucus, N.J. – The Children’s Place is partnering with Israeli fashion chain Fox-Wizel Ltd. to open stores in Israel, starting in the first quarter of fiscal 2014. The two companies inked a 10-year franchise agreement.
"International growth is one of our key initiatives and following our very successful launch in the Middle East in 2012, we are excited to be expanding into Israel next year,” said Jane Elfers, president and CEO of The Children’s Place. “Israel is a well-developed retail market with a strong children’s apparel business. We look forward to working with Fox-Wizel, which has a proven track record of operating successful apparel brands in Israel."
"I’m proud that The Children’s Place chose Fox-Wizel to be the franchisee of the brand in Israel,” said Harel Wizel, CEO of Fox-Wizel. “The Children’s Place is the leading children’s fashion brand in the US and I have no doubt that it will bring innovation and excitement to the children’s fashion market in Israel."
HoneyBaked to open 30 stores in Northeast, expand to Japan
Atlanta – A Tuesday report by the Atlanta Business Chronicle said that the HoneyBaked Ham Co. of Georgia will expand in the Northeast with 30 new stores over the next five years, and will make its international debut in Japan via a partnership with Toranomon Ham Co. Ltd.
“Demand is growing in the northeast region,” said Molly Kesmodel, VP franchise development at HoneyBaked Ham. “Strategically speaking, we have had a solid year thus far with signed deals in Pennsylvania, Alabama and Georgia."
The retailer has 400 locations currently in the United States, but just 20 in the northeastern U.S. corridor. Plans call for adding as many as 30 new stores total in New York, New Jersey, Connecticut, Massachusetts, New Hampshire, Vermont, Maine and Rhode Island.
The company also has partnered with Toranomon Ham Co. Ltd., which will hold the rights to sell Honey Baked Hams, turkeys, sides and desserts in Japan. It said it plans a launch later this year to include a storefront, e-commerce, sampling and a full marketing campaign specific to the region.
Walmart CEO Duke responds to Obama Renewable Energy address
Bentonville, Ark. – Mike Duke, president and CEO of Wal-Mart Stores, released the following statement in response to President Obama’s renewable energy address on Tuesday:
"We applaud the President and his administration for their commitment to renewable energy and conservation. Investing in renewable energy and energy conservation are good for business, good for communities and good for the environment. When we use less energy, that’s less energy we have to buy, and that means less waste and more savings for our customers. Over the last few years we’ve made meaningful progress toward our goal to be supplied by 100% renewable energy. Walmart now has over 300 renewable energy projects in operation or under development around the world, and the Environmental Protection Agency has named us the No. 1 user of onsite renewable energy. As we continue on our journey we will continue to leverage our scale in purchasing energy so we can drive down technology costs and make renewable power more affordable for everyone.”