International Business

As the demand for differentiation grows among retailers and suppliers, Daymon Worldwide’s Omni Global Sourcing Solutions has opened a new showroom to allow customers access to in-demand seasonal and general merchandise imports.

The founder and chairman of U.K.-based online luxury retailer Net-a-Porter has unexpectedly resigned from the company ahead of a merger with another e-commerce group.

Despite reporting ho-hum sales for July, Costco said Thursday that its comps for the fourth quarter and fiscal year were up an impressive 6%.

San Salvador, El Salvador – Global furniture retailer Unicomer Group is getting more streamlined and efficient in its operations, using mobile solutions from Starmount.

New York -- The International Council of Shopping Centers named a 26-year Deloitte veteran as the fourth individual to lead the global trade association in its 58-year history.

Thomas (Tom) McGee, currently vice chairman, Deloitte LLP, was appointed president and CEO of ICSC, effective Sept. 21. He succeeds current ICSC President and CEO, Michael P. Kercheval who announced his retirement earlier this year.

Los Angeles – Forever 21, known for operating some truly large stores, is reportedly rethinking that strategy.

According to the Wall Street Journal, the specialty fast-fashion retailer is also in talks to obtain a $150 million load.

Toronto -- Shoppers at Lowe’s stores in Canada will soon be able to turn their purchases into miles toward air travel.

Lowe's Canada and LoyaltyOne Co., owner and operator of the Air Miles Reward Program, announced an agreement to launch the reward program with an anticipated full roll-out to Lowe's stores in Canada beginning on Dec. 1.
Canadian Lowe’s customers will be able to earn Air Miles reward miles at all Canadian Lowe's retail locations and for purchases online at Lowes.ca.

Shoppers at Lowe’s stores in Canada will soon be able to turn their purchases into miles toward air travel.

New York -- Uniqlo will open its second-largest U.S. store to date, in Chicago.

The 60,000-sq.-ft. location, which also marks the Japanese apparel giant’s entry into the Midwest, will open on Oct. 23, on Michigan Avenue near Water Tower Place, according to the Chicago Tribune.

The store will take up three floors in the former Filene's Basement space.

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Irving, Texas – Better timing of distribution expenses, the elimination of operating costs of 40 shuttered stores and an improved merchandising strategy helped drive sales growth at Michaels in the second quarter.

The retailer posted net income of $35.7 million in the second quarter, compared to a net loss of $48.6 million in the same period a year earlier.