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International Business

  • Electronics e-tailer expands global reach

    Newegg is making a push to reach even more customers.   The tech-focused retailer is extending its online global reach to dozens of countries in key parts of Asia Pacific, Europe, Latin America and the Middle East. Newegg’s expansion plan will ultimately help the retailer reach customers in a total of 50 countries, according to the company.  

  • U.K. sporting goods chain acquires two U.S. retailers

    Sports Direct, the largest sporting goods retailer in the United Kingdom, has expanded its presence in the United States.   The company announced that it has completed its acquisition of Bob's Stores and Eastern Mountain Sports. It will initially operate a total of some 50 stores in the Northeast and five EMS outdoor adventure schools, along with e-commerce sites for both brands.   

  • Kantar Retail: Lidl to generate nearly $700 million in sales by the end of 2018

    Lidl makes its long-awaited U.S. debut on June 15, opening the first three of 20 stores it plans to open this summer across Virginia, North Carolina and South Carolina. Mike Paglia, retail director of Kantan Retail, offers the following insights on the grocer's prospects in the United States:   

  • French retail giant names new CEO

    One of the world's largest retailers has appointed a new chief executive as its looks to catch up with the online revolution and shore up its home performance.   Carrefour has named Alexandre Bompard, 44, as its new chairman and CEO, effective July 18, ending an eight-month search. He succeeds Georges Plassat, who has served in the top position at the hypermarket retailer, which operates more than 11,900 stores in over 30 countries, since 2012.   

  • Report: Lowe’s outsourcing tech jobs

    Lowe's is making another round of job cuts.   The home improvement chain is laying off some 125 information technology workers and many of the jobs to India, The Charlotte Observer reported. Lowe’s currently employs approximately 1,000 people in information and technology and analytics in Bangalore, India.   

  • Report: The Body Shop to be sold in $1 billion deal

    It appears that L'Oreal has settled on a buyer for The Body Shop.   The French cosmetics giant is in exclusive talks to sell its Body Shop division to Brazilian make-up company Natura Cosmeticos, Bloomberg reported. The reported price: $1.1 billion,   Natura is the largest Brazilian cosmetics company.   The transaction would be subject to regulatory approval and would be expected to close later this year.    

  • Amazon lends more than $3 billion to third-party sellers

    Amazon’s lending program has hit epic proportions, with one-third of loans being granted in the last year, alone.   The online giant’s Amazon Lending program has surpassed $3 billion in loans to small businesses since the service launched in 2011. Specifically, Amazon has lent more than $1 billion to small businesses in the last 12 months, and more than 20,000 small businesses have received a loan from Amazon.  

  • The top emerging global retail markets are....

    India tops an annual list of the 30 top developing countries for retail investment, pushing China, which took the No. 1 spot for the past several years, into second place.  
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