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International Business

  • Amazon swings to rare profit in Q2

    Seattle – Sales growth outpaced that of expenses during second quarter 2015, leading to a rare report of positive net income at Amazon.com Inc. Amazon reported net income of $92 million, compared to net loss of $126 million the same quarter the prior fiscal year.  

  • Elizabeth Arden names brand president, signs Asia deal

    New York - Elizabeth Arden Inc. has named JuE Wong as president, Elizabeth Arden brand, effective Aug. 3. Wong was previously CEO of StriVectin and Astral Brands and also held several leadership positions for brands including N.V. Perricone, M.D. Cosmeceuticals and Murad.

    In addition, Elizabeth Arden has signed a joint venture agreement with Asian prestige beauty distributor Luxasia Ventures Pte Ltd for the Southeast Asia region. Elizabeth Arden expects to commence operations in the first fiscal quarter of fiscal 2016

  • German grocer Lidl applies business intelligence to U.S. expansion

    Neckarlsum, Germany — German discount grocer Lidl is applying business intelligence technology to its planned expansion into the U.S.

    Lidl, which operates nearly 10,000 stores and 130 distribution centers across 26 countries, will use solutions based on the SAP HANA business intelligence platform to support its IT strategy for entering the U.S. market.

  • Alibaba offers new assurance on supplier reliability

    Hangzhou, China - Alibaba.com is moving to put concerns about the reliability of its suppliers to rest. The global e-commerce platform is upgrading its trade assurance program to give small-to-mid-sized businesses peace of mind when buying from overseas suppliers.

  • PayPal up in first trading day, has big plans

    San Jose, Calif. – PayPal Inc.’s first day of trading as an independent public company on the Nasdaq stock exchange was a good one. The digital payment platform closed at a price of $40.47 on Monday, July 20, up 5% from the opening price of $38.39.

    In 2014, when it operated as a division of eBay Inc., PayPal processed $235 billion in total payment volume and generated more than $8 billion in revenues. The company serves more than 169 million active customer accounts in 203 markets around the world.

  • Wolverine Worldwide to close 120 stores as profit dips 8.7%

    Wolverine Worldwide reported profit declines for the second quarter as the retailer shaved the number of stores it plans to close to 120.

  • Taylor Swift picks Chinese e-commerce partner – it’s not Alibaba

    Beijing – Pop star Taylor Swift has selected a Chinese e-commerce partner – and it isn’t Alibaba. Chinese e-commerce platform JD.com will be the first authorized seller of Taylor Swift merchandise in China.

    The new JD.com store will be the official online source of Taylor Swift items, including a new fashion line the music superstar designed specifically for the Chinese market.

  • Taylor Swift goes with JD.com in China

    In the e-commerce fight between China's Alibaba and JD.com, Taylor Swift has declared a winner.

    The pop superstar announced that JD.com will be the official online source of Taylor Swift items in China, including a new fashion line the music superstar designed specifically for the Chinese market. 

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