OPERATIONS

Macy’s online site launches overseas shipping

BY Marianne Wilson

New York City — Macy’s announced the launch of international shipping on its e-commerce site to 91 countries in Africa, Asia, Australia, the Caribbean, Europe, the Middle East, North and South America. The department store retailer is partnering with FiftyOne, a provider of international e-commerce services and infrastructure to U.S. retailers.

“International shipping will enable Macy’s to build upon its existing customer base beyond the United States by exposing our product offerings abroad,” said Kent Anderson, president, macys.com. “In 2010, non-U.S.-based shoppers accounted for 36 million visits to macys.com; the prospect of satisfying the demands of this consumer is an exciting business opportunity for us.”

Macys.com began a successful pilot program for international shipping several weeks ago, with the initial launch of deliveries to Australia, Canada and the United Kingdom.

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Massmart pledges to create 15,000 jobs over five years

BY Staff Writer

New York City — Massmart, now majority owned by Wal-Mart Stores, said on Sunday it aims to create 15,000 jobs in the next five years. The company also said it plans to expand its procurement of food and consumer goods by an additional $8.74 billion during the same period.

“Massmart intends to leverage Wal-Mart’s global expertise in working directly with local farmers to encourage the cultivation of safe, high-quality fresh produce," Massmart CEO Grant Pattison said in the statement.

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Tiffany names new CFO

BY Staff Writer

New York City — Tiffany & Co. is replacing its CFO and adding a COO position.

The company announced Patrick F. McGuiness will replace James Fernandez as CFO.

Fernandez is taking on the newly created post of COO. The moves are effective immediately.

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