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International Business

  • PriceSmart offers unconventional reason for comp decline

    It’s been quite common of late to hear retailers cite warm weather and intense competition as sources of sales weakness, but the prize for originality goes to PriceSmart after the warehouse club operator reported a January same-store sales decline.

  • Costco sales mostly soft in January

    Same-store sales at Costco were mostly flat in January across the globe, mirroring reports from other retailers reporting soft sales.

  • L Brands keeps setting sales records

    L Brands raised its profit outlook for the year after reporting record sales in the fourth quarter.

    For the fourth quarter ended Jan. 30, the company had net sales of $4.395 billion, an increase of 8% compared to $4.069 billion for the quarter ended Jan. 31, 2015. Same store sales increased 6%. Net sales for the year ended Jan. 30 were $12.154 billion, an increase of 6% compared to $11.454 billion for the year ended Jan. 31, 2015. Same store sales for the year ended Jan. 30 increased 5%.

  • Former lululemon CIO rejoins company as board member

    Kathryn Henry is back at lululemon athletica inc., in a new role as a member of the company’s board of directors, a move the company’s founder contends is an important first step to making larger changes.

  • Lowe's steps it up in Canada with RONA purchase

    Lowe's is making major moves in Canada with the $2.3 billion purchase of RONA Inc., a Canadian home improvement retailer and distributor.

    Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

  • Restaurant chain to stay in the fast lane with expansion

    Newk’s Eatery is on track with its plans to double in size in the next three years.

    The Jackson, Mississippi-based fast-casual chain entered six new markets and increased its store count by 27% in 2015, opening 20 new locations. It currently operates 96 eateries in 13 states.

  • Lowe’s in big step up in Canada with purchase of home improvement chain

    Lowe's is making major moves in Canada with the $2.3 billion purchase of Rona Inc., a Canadian home improvement retailer and distributor.

    Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

  • dd’s Discounts up store count in Texas, Arizona

    dd’s Discounts, a division of Ross Stores, Inc. will open a 20,000-sq.-ft. store at Parkshire Center in Wilcrest, Texas on Feb. 6. The location is 14 miles southwest of downtown Houston, at the intersection of Highway 59 and Wilcrest Drive.

    The new store ups dd’s store count in Texas to 37 locations, making it the retailer’s second largest state. With the new opening, the chain will operate 175 locations in 15 states.

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