G-Star to expand
New York City Luxury denim brand G-Star announced its global plans to triple the number of monobrand flagship stores worldwide over the next five years. More aggressive measures will be employed in the U.S. market with an expected growth rate of more than 400%.
In the next five years, G-Star will concentrate on expanding its retail network from 200 stores to 750 worldwide. In the United States, the brand is looking to grow the number of G-Star stores from 12 to 50 by 2015 with a concentration on major metropolitan areas.
“Despite the economic downturn, denim sales are still going strong,” said Camiel Slaats, global commercial director of G-Star.
Walmart opens Latin America division HQ in South Florida
MIAMI Walmart announced that it has opened new headquarters in South Florida for its Latin America regional operations and also introduced the new regional president and chief executive officer, Eduardo Solorzano.
“We’re very enthused about having our new Latin America regional headquarters here in Miami, which some describe as a gateway to Latin America,” Solorzano said, speaking to reporters at his first press conference in his new role. “The opening of this new regional office reflects a renewed level of service and support Walmart Latinoamerica is ready to provide, to our markets, to our associates, to our stores, and to the people in countries throughout Latin America, whether we have stores in those countries yet or not.”
Solorzano assumed his new role Jan. 18, having led Wal-Mart de Mexico since early 2005, where he oversaw dramatic expansion of the business in terms of units, associates, sales and share value. With that company’s recent acquisition of Walmart’s operations in Central America, he was been instrumental in expanding the company beyond Mexico. In addition, Solorzano was responsible for the conception and creation of Banco Walmart, the world’s first Walmart bank, and the development of successful new formats such as Bodega Aurrera Express.
Sperber to head partnerships, licensing at Universal Studios
UNIVERSAL CITY, Calif. Stephanie Sperber has been named president Universal Partnerships and Licensing (UP&L) for Universal Studios.
Sperber has led UP&L as EVP since its creation in 2009 joining the studio’s retail focused consumer products group with the division known as Universal Studios Partnerships (USP). Prior to that, she led Universal Studios Partnerships as EVP since 2005.
Before joining Universal, Sperber was executive director of marketing at Turner Broadcasting, overseeing the brand marketing for Hanna-Barbera Productions.