Skip to main content

International Business

  • Ikea to double size of Midwest distribution center in Illinois

    Conshohocken, Pa. -- Ikea has submitted plans to the city of Joliet, IL for a second distribution center – to accompany the center previously announced and planned to open in summer 2017.

    In February 2015, Ikea advanced the development of its previously approved 1.4-million-sq.-ft. Midwest distribution center on 72 acres of land already purchased in Joliet/ The company is now proposing another, similarly sized facility on 62 acres it hopes to purchase adjacent to the west of the currently planned first building.

  • Target hits the bulleye in first quarter

    Target’s efforts to revamp its product assortment are apparently paying off for the company, which reported a nearly 52% surge in first quarter profit on strong sales of fashion, home and beauty products.

    The company posted a profit of $635 million for the three months that ended May 2. Same store sales rose 2.3%, beating forecasts. Revenue rose 2.8% to $17 billion. Online sales rose nearly 38%.

  • Etsy blames Q1 loss on restructuring

    Expenses related to a corporate restructuring led Etsy Inc. to report a huge loss in the first quarter.

  • Etsy releases first earnings report, net loss grows

    Brooklyn, N.Y. – Etsy Inc., the online marketplace for handmade goods, has released its first-ever earnings report, which shows growth in both net loss and revenue. Net loss increased substantially to $36.6 million in the first quarter of fiscal 2015 from $500,000 the same quarter the prior year.

  • Visa Checkout adds Dunkin’ Donuts; partners with Pinterest

    San Francisco - Retailers in the U.S. including Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma will now offer Visa Checkout, the online checkout service from Visa Inc. In addition, Pizza Hut, Ticketek and Bonds will offer Visa Checkout in Australia; and Indigo, Roots, Running Room and Simons will offer the service in Canada.

  • Report: eBay to compete with Amazon Prime in Germany

    San Jose, Calif. – eBay reportedly plans to launch a program in Germany that will compete with the Amazon Prime expedited shipping service. According to The Street, eBay Germany will roll out the program, which appears to focus on sellers rather than buyers, in the second half of 2015.

  • Charming Charlie supports global growth with Epicor cloud-based POS

    Houston – Specialty accessory retailer Charming Charlie is supporting international growth by moving its POS operations to the cloud. Charming Charlie has moved to a cloud strategy that leverages the POS engine in the cloud, but provides offline capabilities in the event the store loses cloud connectivity.

  • Wal-Mart’s efforts at wage, store improvement have price

    Bentonville, Ark. – Declining gas prices helped U.S. same-store sales at Wal-Mart Stores Inc., but the negative impact of foreign currency exchange and efforts to improve store experience and employee wages dampened total sales and operating profits.

  • Home Depot builds strong performance in Q1

    Atlanta – The Home Depot Inc. benefited from improvements in the housing market and the weather in the first quarter of fiscal 2015. Net earnings increased to $1.58 billion, up 14% from $1.38 billion in the first quarter a year ago.

    The Home Depot reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1% increase from the first quarter of fiscal 2014.

  • American Eagle expands globally; will open 40 stores in 2015

    Pittsburgh - American Eagle Outfitters Inc. continues its global expansion with new license agreements in South Korea with SK Networks Co. Ltd.; in Singapore with Trendz 360 Pte. Ltd.; and in Greece with Notos Com Holdings S.A. Stores will begin opening in mid-2015, and American Eagle currently expects to open approximately 40 licensed stores in fiscal 2015

X
This ad will auto-close in 10 seconds