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International Business

  • Genesco profits rise, but less than expected

    Genesco Inc. cited construction expenses and currency pressures as reasons for the company’s weaker-than-expected fourth quarter earnings. 

    The company posted earnings from continuing operations of $51.8 million, or $2.18 per diluted share, for the quarter ended Jan. 31. The numbers are an improvement from the year-ago period, which saw earnings from continuing operations of $42.2 million or $1.79 per diluted share. 

  • Dollar General CFO to retire

    Goodlettsville, Tenn. — Dollar General announced Thursday that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1, 2015. The retailer has started a search for a successor and will consider both internal and external candidates for the job.

  • Juicy Couture aims to re-take 'athleisure' market

    Before Lululemon and many others started selling "athleisure" apparel, Juicy Couture started the trend in the 1990s. Now the brand and retailer plans a comeback. 

    The company says it expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily. Juicy will open 31 international locations in eight countries this year, the report said. Three of the countries — India, South Africa and Azerbaijan — will be new market entries for the brand.

  • Under Armour opens digital center in Austin, Texas

    Baltimore - Under Armour has opened its first-ever digital headquarters, in downtown Austin, Texas. The 35,000-plus-sq.-ft. “Connected Fitness” center employs more than 100 engineers, data scientists, designers, and product innovators in digital health, fitness, and sports, and is expected to grow substantially by the end of the year. It is the sporting goods company’s facility solely dedicated to digital innovation.

  • Challenges Remain at West Coast Ports Despite Labor Agreement

    By Hayden Shipp, IBISWorld

    Shippers, carriers, longshoremen, businesses and consumers alike can breathe a sigh of relief in light of the tentative deal the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached on Feb. 20.

  • Report: Alibaba considers Snapdeal investment; IPO lockup expires

    Hangzhou, China – Alibaba Holding Group Inc. is reportedly considering a cash investment in Indian e-commerce platform Snapdeal. According to Reuters, Alibaba is in ongoing negotiations with Snapdeal, but no agreement is imminent.

    Alibaba does not hold any direct investments in India, although Alibaba subsidiary Ant Financial purchased 25% of Indian payment services provider Paytm in February 2015.

  • Juicy Couture plans global expansion

    New York -- Juicy Couture, which was acquired by Authentic Brands Group in 2013, may no longer be a coveted brand in the United States, but it is still has great appeal in foreign markets. The company expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily.

    Juicy will open 31 international locations in eight countries this year, the report said. Three of the countries — India, South Africa and Azerbaijan — will be new market entries for the brand.

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