International Business

DSW is expanding its e-commerce capabilities with a deal to acquire Ebuys Inc., an online off-price footwear retailer with a presence in North America, Europe, Australia and Asia.

DSW announced that the purchase price includes an upfront payment of $62.5 million as well as future payments contingent on the performance of Ebuys, Inc. The deal is expected to close within the next 30 days.

Cincinnati -- Phillips Edison & Company it has appointed Theresa (“Terry”) Shea as VP, assistant general counsel. In her new role, Shea will work closely with the general counsel to provide legal advice to the Company concerning all aspects of its business.

Saks Fifth Avenue revealed additional details about its entry into the Canadian market.

The company will open its first-ever store up north, at CF Toronto Eaton Centre, on February 18, 2016, followed by a second location, at CF Sherway Gardens, on February 25. Both centers are in Toronto.

Build-A-Bear Workshop on Tuesday said it will continue to diversify its store portfolio — including the opening of a branded experience on a cruise ship — as the chain announced disappointing results for its fourth quarter.

The retailer reported a better-than-expected profit of $20.6 million for the quarter, ended January 3, 2016, compared to net income of $11.8 million in the year ago period.

The former head of global health and well-being at Procter & Gamble is the newest member of the board of directors at BJ’s Wholesale Club.
 

Two top merchandising and supply chain executives have been given new responsibilities at J.C. Penney after veteran executive Ken Mangone retired following a lengthy career.

Mangone served as executive VP of product development, design and sourcing and will retire effective April 1 after 39 years with the company. His responsibilities will be split among two current executives.

Nordstrom continues to expand north of the border.

The retailer announced that its Nordstrom Rack off-price division will open its first Canadian location, in Toronto, in 2018.

The 38,600-sq.-ft. store will be located at One Bloor in Yorkville, on the southeast corner of Yonge Street and Bloor Street, a well-known shopping district in Toronto. It will be approximately one mile north of the Nordstrom full-line store, which is scheduled to open in September 2016 at CF Eaton Centre.

Toys “R” Us has promoted its senior VP of store operations to a global leadership role.