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International Business

  • Macy’s in real estate pact with Brookfield; sells SF men’s store

    Macy’s has signed an agreement that could lead to more downsizing of its valuable real estate portfolio. It also has entered into deals to sell one of its stores in San Francisco, and one in Portland, Oregon.   

  • NRF: How election results will impact these critical retail issues

    The results of yesterday's elections will affect a number of issues facing retailers, including infrastructure, tax reform, trade, immigration, labor and health care.       Craig Shearman, National Retail Federation (which does not endorse presidential candidates) looks at how President-elect Donald Trump and a Republican-controlled Congress could impact the industry.  

  • ELECTION RECAP: Impact on Business

  • U.K. retailer to drop anchor in the U.S.

    Watch out Hallmark. A popular British greeting card  and stationery brand has designs on the U.S. market.   Paperchase is planning to open two freestanding stores in the United States next year, both in Chicago, The Telegraph reported.         Currently, the brand supplies Target and Staples with private-label greeting cards.      

  • Report: Hanjin Shipping bankruptcy impacts holiday deliveries

    The bankruptcy of South Korean shipping giant Hanjin Shipping is forcing retail chains to spend lots of extra cash to get their goods through ports to warehouses in time for the holiday shopping season, the Los Angeles Times reported.   

  • Tech Bytes: Three ways to succeed on Singles’ Day — even if it’s half a world away

    Black Friday weekend is just around the corner. But as retailers remained focused on one-day sales, exclusive sneak peeks and door busters, they are missing the boat on a much more lucrative opportunity — Singles’ Day.  

  • What Lies Ahead? Cybersecurity Predictions for 2017

    “Prediction is very difficult, especially if it's about the future," as Nils Bohr, the Nobel laureate physicist put it. But as the end of 2016 approaches, it’s useful to look forward and try to anticipate the cybersecurity trends that lie ahead, and to reflect on what’s happened over the past year, to see how accurate previous predictions were.    For 2016, our predicted cybersecurity threats included:  

  • Fossil to overhaul business, shutter some stores

    The watch and fashion accessories brand Fossil Group is planning to reorganize its business.   The company, which operates 610 stores across the globe (including 284 U.S. locations) will close some stores, although it did not say how many, the Dallas News reported, as part of a multi-year business overhaul that also includes a focus on fewer products.    

  • Starbucks ends its fiscal year on a high note

    Starbucks Corp. is feeling its oats.   The coffee giant topped estimates for its fourth quarter and gave a positive view for its current fiscal year.   Starbucks’ consolidated net revenue grew 16% to $5.8 billion in its fourth quarter, which was better than expected.   

  • Alibaba drives quarterly revenue despite Chinese economy

    China’s sluggish economy didn’t stop Alibaba from increasing revenue by 55% for the September quarter.  
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