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International Business

  • WineStyles seeks national franchise growth

    West Des Moines, Iowa - WineStyles Tasting Station, a boutique wine and craft beer retail chain, is launching expansion plans to grow its national footprint. The company currently has more than 20 locations across the country, and aims to grow the business to nearly 50 stores during the next several years through franchising.

  • Bonuses for Wal-Mart top execs now tied to sales growth

    Bentonville, Ark. -- As the world’s largest retailer has been challenged to grow sales, the Wal-Mart Stores Inc. revealed in its proxy statement filed with security regulators that executive cash bonuses are now being tied to sales performance – in addition to operating income – in the fiscal year.

  • The one report every Walmart supplier should read

    Suppliers to Walmart are always looking for ways to align themselves with the retailer and develop strategies that drive sales. Nothing could be more instructive on that front than 2015 version of a Global Responsibility Report, which reveals the company’s extensive social and environmental commitments and accomplishments.

    The eighth annual edition of the document was released this week in conjunction with other material related to the company June 5 shareholders meeting.

  • Amazon.com product sales slow, but not services

    Amazon.com’s sales growth in the first quarter continued to outpace the overall e-commerce growth rate, especially Web services, but expenses related to interest and currency exchange caused the online leader to report a $57 million net loss.

    Total sales for the quarter ended March 31 increased 15% to $22.72 billion but a strengthening of the U.S. Dollar caused a $1.3 billion currency exchange headwind. On a constant currency basis, which is how global retailers like to analyze their business, sales increased 22%.

  • ABG acquires Jones New York, strategic advisor named

    New York -- Following its January 2015 spinoff from private-equity firm Sycamore Partners, Jones New York has been acquired by Authentic Brands Group, LLC, owner of a global portfolio of fashion, sports, media and entertainment brands.

    Sycamore previously announced it would close all Jones New York retail locations and seek strategic alternatives for the beleaguered brand.

  • Dunkin’ Brands starts 2015 strong, up to 750 new units to open in 2015

    Canton, Mass. -- Dunkin’ Brands Group had a slam-dunk first quarter, with first quarter profit growth of 11.7%, a revenue increase of 8.1%, and U.S. same-store sales growth of 8% in its Baskin-Robbins unit. The Dunkin’ Donuts segment saw same-store sales climb a more modest 2.7%.

    The chain added 79 net new restaurants worldwide during the quarter, which included 78 Dunkin Donuts in the U.S.

  • Founder of TJX Cos. to retire from board

    The TJX Cos. Inc. announced Wednesday that Chairman Bernard Cammarata will retire following the company’s annual shareholder meeting scheduled for June 11.

  • Whole Foods hosts toxic swimmer for Earth Day

    Whole Foods celebrated Earth Day by serving as the kickoff site for environmental activist Christopher Swain’s historic swim in a toxic canal.

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