International Business

Markdowns and the costs of expansion hurt Lululemon profits in the second quarter, but the athleisure retailer did post an impressive jump in same store sales.

Foster City, Calif. – Financial services provider Visa Inc. is among the lead investors in a $30 million round of equity funding for a blockchain technology provider.

Kip Tindell, co-founder, chairman and CEO of The Container Store, has joined a global list of who’s who in retailing.

Fast-fashion giant H&M is expanding its upscale store brand, Cos, in the United States.

San Diego - PriceSmart Inc. demonstrated intelligence when it comes to sales in August 2015. The U.S.-based operator of warehouse club stores in the Caribbean and Latin America increased net sales 13% to $232.7 million from $206.7 million in August a year earlier.

Same-store sales rose 3%. PriceSmart will release fourth quarter and fiscal year 2015 results on Oct. 29.
 

New York -- Fast-fashion giant H&M is expanding its upscale store brand, Cos, in the United States.

Cos, known for its minimalist-styled fashions, will open its first store in Boston, on Newbury Street on Sept. 25. The new space, the brand’s third location in the United States, will offer womenswear and menswear collections with 2,960 sq. ft. of sales area, spread across two floors.

Niwot, Colo. -- Footwear marketer Crocs is on the hunt for a new CFO.

The company announced that Jeff Lasher, senior VP and CFO, is leaving the company to join boating supplies and accessories retailer West Marine Inc.

Lasher, who joined Crocs in 2009, will remain with the company through early November. He plans to join West Marine as CFO in November.

Mike Smith, Crocs senior VP for finance, has been named interim CFO effective Oct. 1 and will work closely with Lasher during a transition period.

Starbucks Coffee Company's first store in Panama is located in Panama City, in the Street Mall shopping center. With a 28-ft. high ceiling, the focal point of the 3,304-sq.-ft. store is a one-of-a-kind custom made hanging mobile, designed to represent the Geisha coffee plant, which signifies the birth of the coffee industry in Panama.