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International Business

  • Nordstrom boosts profit, revenue 3Q

    Seattle -- Nordstrom has surpassed Wall Street estimates with an unexpected jump in profit and sales for the quarter ended Nov. 1.   The department store retailer reported a profit of $142 million for the third quarter, up from $137 million in the year-ago period.   Sales jumped 9% to $3.14 billion, beating the expected $3.11 billion in revenue. Same-store sales rose 3.9%.  
  • Togo's names former IHOP and Taco Bell exec as COO

    San Jose, Calif. -- West Coast sandwich operator Togo's Eateries, Inc. has named Jim Peros as its new COO, charged with overseeing all operations and the expansion of the brand's restaurants throughout the West.   
  • American Eagle Outfitters delivers on European expansion promise

    London -- Challenged to grow in the U.S., teen apparel chain American Eagle Outfitters is making good on its pledge to leverage the overseas market to kickstart expansion.   
  • CBRE awarded asset management, lease admin contract for Standard Chartered Bank

    Los Angeles -- CBRE Group, Inc. has been appointed by Standard Chartered Bank to provide asset management and lease administration services across the bank’s commercial property portfolio.   
  • Alibaba plans bond sale

    Hangzhou, China -- Alibaba Group Holding Ltd. plans to hold its first bond sale of senior unsecured notes. The principal amount, interest rates, maturity dates and other terms of the notes have not been finalized and will be determined at the time of pricing of the offering.    Alibaba plans to use the net proceeds from the offering primarily to refinance its existing credit facilities.   
  • Office Depot exec joins top product tester

    TÜV Rheinland, a global leader in testing, inspection, and certification services, named former Office Depot executive Guillermo Rodriguez to the role of vp North America Retail Management.

  • Canadian brand Arc'teryx to open fourth U.S. store

    Washington, D.C. -- Canadian outdoor brand Arc'teryx will open its first East Coast location, and fourth in the U.S., in CityCenterDC, downtown Washington, D.C.'s new mixed-use development.   
  • E-commerce in focus at DHL

    DHL Global Mail is rebranding itself as DHL eCommerce in response to projections of significant growth in e-commerce, especially in emerging markets, the company said.

    DHL announced it is enhancing its services across the entire logistics chain to meet the rising demand for automated e-commerce solutions in such industry sectors as fashion, consumer electronics, media products and consumer pharmaceutical products. At the same time, DHL eCommerce will continue to provide customers with services for domestic and international B2C shipping.

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