International Business

On the heels of Walmart's decision to acquire 13 Target locations in Canada comes an announcement from Lowe's, which has also decided to acquire 13 Target Canada leases as well as distribution center in Ontario.

The deal is worth about $125 million.

Washington, D.C. – The National Retail Federation (NRF) is publicly criticizing the Senate for blocking consideration of the Bipartisan Congressional Trade Priorities and Accountability Act, which would renew Trade Promotion Authority. Trade Promotion Authority is legislation from Congress outlining objectives and oversight for trade negotiations between the U.S. and other countries.

Walmart is partnering with Chinese e-commerce powerhouse Alibaba to allow customers to make purchases using mobile devices in 25 of its stores in southern China.

Macy’s Chairman and CEO Terry Lundgren offered plenty of reasons why the company’s first quarter sales were worse than expected – but also noted the confluence of factors that caused the disappointing results are largely behind the company.

Bentonville, Ark. – Wal-Mart Stores Inc. is partnering with the Alipay payment services subsidiary of Alibaba Holding Group to offer a new mobile payment option in some Chinese Wal-Mart locations. Customers at 25 Wal-Mart stores in the Chinese city of Shenzhen in southern China are now able to use the Alipay mobile wallet to pay for purchases.

Cincinnati -- Bad weather, decreased spending by international tourists  due to the strong U.S. dollar and delayed merchandise shipments from the West Coast port slowdown all contributed to Macy’s missing Wall Street projections for profit and revenue in the first quarter of fiscal 2015. Net income fell 13% to $193 million, from $224 million in the same quarter a year earlier.

Net sales dropped about 1% to $6.23 million, from $6.28 million. Same-store sales declined 0.7%.

Staples is accelerating its pursuit of growth opportunities abroad even as the company awaits regulatory approval of a proposed merger with Office Depot.

Staples has announced a partnership with Bidvest Waltons, South Africa’s leading office products company, and Dacris, a major distributor of office supplies in Romania.

Brussels, Belgium – Belgian grocery retailer Delhaize Group and Dutch grocery retailer Ahold N.V. have confirmed they are engaged in preliminary discussions about a possible merger that could create one of the largest supermarket operators in the U.S. But the two companies said the talks may not result in any deal.