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International Business

  • Young women’s apparel retailer to open Chicago flagship

    Canada’s Aritzia Inc. is expanding its Chicago footprint as it targets both brick-and-mortar and online expansion.    The fashion retailer will open a flagship on Rush Street in Chicago this fall. The Vancouver, British Columbia-based company already operates a store in the Windy City, at Water Tower Place.    

  • Outdoor lifestyle brand makes exec appointments

    Timberland has made yet another executive appointment to support its growth strategies.   The company named footwear industry veteran Tracy Smith as VP and general manager of Timberland North America. In this role, he will lead the strategic vision and operations of Timberland’s wholesale and direct to consumer businesses in North America, with responsibility for strategy, merchandising, sales, marketing and operations.  

  • Department store retailer hires debt advisor

    Hudson’s Bay Co. has brought in professional advice regarding its potential merger with Neiman Marcus.    The Canadian department store company has hired a debt restructuring adviser, investment bank Evercore Partners Inc., to review the potential acquisition and provide Hudson’s Bay Executives with ways on how it could proceed without Hudson’s Bay assuming Neiman Marcus’ full debt, according to a Reuters report on CNBC.com.     

  • Office Depot Q1 profit surges

    Office Depot’s profit in the first quarter more than doubled as its reduced store count led to lower operational costs.   The company's net income increased to $116 million, or 22 cents per share, in the quarter ended April 1, from $46 million, or 8 cents per share, in the year-ago period. Its results beat analysts’ expectations.  

  • Specialty retailer exploring long-term capital restructuring

    Nine West Holdings is taking action to deal with its debt.  

  • Coach snags rival in $2.4 billion acquisition

    Coach has acquired a brand with a strong following among millennials.   The luxury handbag company on Monday announced that it will acquire Kate Spade & Company for $18.50 per share in cash, which represents a premium of 9% to Kate Spade's closing price on Friday. The deal, which has a total transaction value of $2.4 billion, is expected to close in the third quarter of 2017 and add to adjusted earnings in fiscal 2018.  

  • Global Retail: Classifying workers as employees vs. independent contractors

  • Online giant launches grocery service in Germany

    AmazonFresh is expanding its breadth in one of its biggest markets outside the United States.   
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