Skip to main content

International Business

  • Build-A-Bear adds toy, social media expertise to board

    Build-A-Bear is adding two new board members whose backgrounds should serve the company well as it moves forward with its transformation plan.

    Build-A-Bear announced that Tim Kilpin and Sarah Personette have been appointed to the company’s board of directors.

    Kilpin, 55, will serve as a member of the Audit Committee and as a member of the Compensation and Development Committee. Personette, 36, will serve as a member of the Compensation and Development Committee and as a member of the Nominating and Corporate Governance Committee.

  • Build-A-Bear Workshop adds toy, social media expertise to board

    Build-A-Bear is adding two new board members whose backgrounds should serve the company well as it moves forward with its transformation plan.

    Build-A-Bear announcedthat Tim Kilpin and Sarah Personette have been appointed to the company’s board of directors.

  • Lowe's goes high with growth in 2015

    Lowe's rode the same wave of recovery in the housing market as its rival Home Depot in the fourth quarter, topping its own expectations with substantial gains.

  • Macy’s closes books on ‘challenging’ 2015; will expand beauty, off-price chains

    Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

    For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

    Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,

  • Digital, off-price lift Hudson's Bay Company

    Hudson's Bay Company says online sales were particularly strong in the fourth quarter and contributed to the company's same-store sales growth of 11% for the period.

    The Canadian firm and parent company of the Saks Fifth Avenue banners said that for the fourth quarter ended Jan. 31:

    • Same-store sales grew 11%;
    • The Department Store Group (DSG) had a same store sales increase of 4%;
    • Saks Fifth Avenue Off 5th same-store sales increased 2%;
    • Saks Fifth Avenue same-store sales decreased 1.2%;

  • Profits improve as Office Depot awaits FTC action

    Office Depot continues to hope its merger with Staples secures approval from U.S. regulators, but in the meantime the performance of its retail operations is looking much better should it remain an independent company.

    Office Depot’s North American retail footprint did shrink to 1,564 locations at the end of the year after the company closed a total of 181 stores, including 56 in the fourth quarter. Thinning the herd a bit helped the overall profitability of Office Depot’s largest division during the period ended Dec. 26 even though sales declined.

  • Wayfair to hire 450 for Texas service center

    Wayfair is opening a new customer service center in Texas as it scales operations to service its rapidly growing customer base.

    “Wayfair’s steadfast commitment to exceptional customer service has helped fuel the incredible growth of our business as more people discover a new and better way to shop for home furnishings,” said James Savarese, COO, Wayfair. “We look forward to expanding our operations to the Bryan-College Station area as we welcome new talent to our world-class customer service team.”

  • Foot Locker names new leaders

    Foot Locker named new CEOs to lead the athletic retailer’s North America and International divisions.

    President and CEO Richard Johnson announced the promotion of Stephen D. (Jake) Jacobs to the position of executive vice president and CEO of North America and Lewis P. Kimble to the position of executive VP and CEO of International, effective Feb. 29.

  • Walmart delivers uneven growth amid profit pressures

    A modest increase in fourth quarter same store sales at Walmart’s U.S. stores marked a sixth consecutive period of growth and helped the company exceed analysts’ profit targets, but a reduced 2016 sales outlook caught some investors by surprise.

  • Retail CFOs feeling less bullish

    Market uncertainty around the world is taking a toll on retail CFOs confidence in the future.

    That’s according to a new BDO U.S.A. survey in which retail CFOs predict a 3.4% increase in total sales for 2016. It’s the second consecutive year that the total store sales projection has dipped since the spike to 5.1% in 2014.

    In addition, a notable decline in the number of CFOs expecting consumer confidence to increase this year was also revealed, which dropped nearly 50% year over year.

X
This ad will auto-close in 10 seconds