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International Business

  • Amazon distribution center set for Lake Nona

    One of the nation’s fastest-growing communities shows no signs of slowing down.    Amazon has selected the master-planned town outside Orlando as the site of an 850,000-sq.-ft. distribution center set to open in 2018. It will create more than 1,500 full-time jobs, according to Amazon’s VP of North America Operations Akash Chauhan.  

  • Accessories retailer readies for international expansion

    With plans to triple its store portfolio in six years, Parfois needs to expertly anticipate demand and gain global visibility into its inventory.   By partnering with Oracle, the accessories retailer is one step closer to scaling its operations. Parfois added the Oracle Retail Merchandise Operations Suite and the Oracle Retail Warehouse Management System — two solutions that will support the company’s high growth and international expansion plans.  

  • Report: Lampert considering deal with Sears Canada

    The chairman and CEO of Sears Holding Co., is reportedly considering a deal with bankrupt Sears Canada.  

  • Report: Amazon beat out six other suitors for Whole Foods Market

    As it turns out, there was lots of interest in Whole Foods Market.   The retailer was fielding other potential deals, including approaches by four private equity firms and two unnamed companies identified only as "Company X" and "Company Y," when Amazon made its move, CNBC reported.   

  • BDO: The top risk factors for retailers are....

    Consumer confidence remains strong, but that's not stopping retailers from worrying about the economy.   General economic conditions ranked as a top risk factor for the 9th consecutive year in an annual ranking of the top 25 risk factors by retailers, cited by 100% of respondents. Cybersecurity and regulatory concerns shared the top spot with the economy.  

  • Another retailer is entering the hotel arena

    Muji, the Tokyo-based global retailer, will open its largest store to date — underneath its very own hotel.      The company will open a hotel in in Tokyo's Ginza district in spring 2019. The hotel will be located in a new, 10-story building that will also house a 35,000-sq.-ft. Muji flagship. The store will occupy one basement floor up to part of the sixth floor above ground, with the rest of the space above devoted to the hotel, according to the Nikkei Asian Review.  

  • No June gloom for Costco

    The nation's largest wholesale club operator reported strong sales for the month of June, both domestically and globally.   Costco Wholesale Corp. posted net sales of $12.17 billion for the five weeks ended July 2, 2017, up 5% from $11.33 billion during the year-ago period. Total same-store sales were up 6%.   In the U.S., same-store sales rose 6.5% in June. International same-store sales increased 6.2%. Canadian same-store sales rose 3.2%.   

  • Shoptalk Europe attracts diverse lineup of speakers

    The CEO of Hudson's Bay Company, the managing director of Harrods, and the president of Pinterest will be among the featured speakers at Shoptalk Europe.    The event will take place on October 9-11, 2017, at The Bella Center in Copenhagen. It will feature more than 125 speakers, according to organizers, with 75% of the speakers being C-level executives, including 65 CEOs. More than 2,000 attendees are expected.   
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