Skip to main content

International Business

  • Imports expected to rise as West Coast Port issues drag on

    Washington, D.C. -- Year-over-year import cargo volume at the nation’s major retail container ports is expected to continue to rise during most of the first half of 2015 despite significant congestion still impacting West Coast ports, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Report: Stronger economy boosts increase in store construction/renovations

    New York -- A.R.E. (the Association for Retail Environments) is predicting a 10% increase in spending on North American retail store construction and renovations in 2015. The forecast, based on a survey of A.R.E.’s nearly 750 member companies and input from the industry association’s economic advisors, represents the sixth consecutive year of industry growth.

  • No gifts for Toys 'R' Us this holiday

    Santa did not bring any gifts this past holiday season for Toys "R" Us, as the toy retailer reported a drop in same store sales.

    Toys “R” Us said same store sales in the United States fell 5%. The company said gross margins, however, improved, especially in the U.S., after the company was more "disciplined" in its promotional offers and more "rational" in its pricing strategy.

  • Starbucks No. 2 exec, COO Troy Alstead, to take extended leave

    Seattle – In a surprising move, the second in command at Starbucks Corp., COO Troy Alstead, 51, is taking an extended, unpaid leave of absence from the company starting March 1. Alstead, a 23-year Starbucks veteran, is responsible for day-to-day operations of the coffee giant, a position he was appointed to in January 2014. He is widely viewed as a potential successor to CEO Howard Schultz.

  • PizzaRev to open 20th restaurant

    Los Angeles -- Fast-casual pizza franchise PizzaRev kicks off 2015 with the opening of the chain’s 20th location in just over two years. The new restaurant will open in La Habra, California, one of eight locations scheduled to open in first-quarter 2015. The upcoming expansion will include entrance into four new markets: Bakersfield, San Diego and Santa Barbara in California, as well as Sioux Falls, South Dakota.

  • The Shopping Center Group expands to California

    Atlanta --  The Shopping Center Group announced its continued expansion with the addition of a California brokerage team of industry veterans. The move across the Mississippi River marks the firm’s first foray into western United States. Located in Santa Barbara, the new office opened Dec. 1.

    “The acquisition of this team is a big step in The Shopping Center Group’s pursuit of a national footprint," said chairman and Co-CEO David Birnbrey.

  • Costco comps surge 8% in U.S.

    Costco showed again in December why it’s the cream of the crop among warehouse club stores.

    The Wash.-based retailer reported an increase of 8% in same store sales in the United States, excluding gasoline sales and foreign exchange. Same-store sales at international stores rose by 1%.

    Net sales for the retailer rose 5% to $12.12 billion in December from $11.53 billion a year earlier.

  • Zulily mulls closing U.K. operations

    Seattle --  A Seattle-based flash sales site may just be sputtering overseas, as a Forbes report on Thursday said that Zulily may shutter its United Kingdom operations, which currently serve as the concept’s first and only international office. According to Zulily CEO Darrell Cavens in a Forbes interview, changes in the apparel flash site’s international focus has led the company to consider its options.  

X
This ad will auto-close in 10 seconds