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International Business

  • E-commerce solutions provider shakes up board

    ALLEN, Texas — PFSweb, an international provider of end-to-end e-commerce solutions, has appointed Shin Nagakura to the company’s board of directors.

    Nagakura is a director of Transcosmos, or TCI, a leading Japanese business process outsourcing company. His appointment fulfills a condition of the strategic relationship that TCI and PFSweb entered into on May 15, which states that a TCI representative must sit on PFSweb’s board.

  • Report: Delhaize looks to sell off Sweetbay and Harveys units

    New York -- A Reuters report citing unnamed sources said that Belgian grocer Delhaize is looking to sell its U.S.-based Sweetbay and Harveys units as the Food Lion parent looks to ramp up cost-cutting efforts here.

    The sources told Reuters that Delhaize has retained Lazard Ltd. to sell off the two supermarket businesses. CEO Pierre-Olivier Beckers said the company was looking at options for the units, but didn’t comment directly on whether advisors had been appointed to conduct the sale.

  • Burger King expands delivery service to two new markets

    Miami -- Burger King Worldwide announced Thursday that it has expanded its meal delivery program to include Las Vegas and Sacramento, Calif.

    The BK Delivers program, which currently delivers meals to homes and offices in New York, Miami, Houston, Los Angeles, Chicago, San Francisco and Washington, D.C., will now have six participating restaurants in Sacramento and eight more in Las Vegas implementing the service.

  • Ralph Lauren’s Q4 profit jumps 35%

    New York – Ralph Lauren Corporation reported increases in sales and net income during both fourth quarter and the full year of fiscal 2013. Quarterly retail sales rose 7% from $752 million to $804 million, while annual retail sales rose 6% from $3.4 billion to $3.6 billion. Ralph Lauren attributed both the fourth quarter and full year retail sales improvement to incremental contribution from new stores and e-commerce operations, as well as consolidated comparable store sales growth of 3%.

  • Staples disappoints as Q1 profit falls 9.2%

    Framingham, Mass. -- Staples reported that its first-quarter profit was $169.9 million, down from $187.1 million in the year-ago period, hurt by a stronger dollar and weak same-store  sales in North America and Europe. Its results missed Wall Street forecasts.

    Total sales fell 3.5% to $5.81 billion, also falling short of estimates. In North America, same-store sales were down 2% on weak demand for computers, software and technology accessories.

  • Wal-Mart hires Hill+Knowlton exec and former Bush advisor as VP of corporate affairs

    Bentonville, Ark. -- Walmart announced that Dan Bartlett will become the company's new executive VP of corporate affairs in late June.  Bartlett, 41, most recently served as president and CEO of the U. S. arm of Hill+Knowlton Strategies, a global business advisory firm serving corporations, non-profits and associations in 52 countries.

  • Target Q1 profit plunges 29%; lowers full-year outlook

    Minneapolis -- Target Corp. reported a 26% drop in its first-quarter profit as unseasonably cool weather, the payroll tax increase and other economic pressures took a toll on sales.

    Target earned $498 million the three months ended May 4, down from $697 million in the year-ago period. Sales rose 1% to $16.71 billion.

    Same-store sales fell 0.6%. The number of transactions fell 1.9%.

  • Hershey sweet on Shanghai

    SHANGHAI — A day after Hershey announced plans to launch a new brand in China — marking the first time the company launches a new brand outside the U.S in its 120-year history — the company announced plans to open its Asia Innovation Center in Shanghai. 

  • Walmart taps former Bush counselor as EVP, corporate affairs

    BENTONVILLE, Ark. — Walmart has appointed Dan Bartlett, former senior counselor to George W. Bush, as its EVP of corporate affairs. Bartlett was most recently president and CEO of the U.S. arm of Hill+Knowlton Strategies, a global business advisory firm serving corporations, nonprofits and associations in 52 countries.

  • Weak same-store sales affect Staples Q1 profit

    FRAMINGHAM, Mass. — Staples was hurt by a stronger dollar and weak same-store sales in North America and Europe. 

    The office products company reported that its first-quarter profit for the period ended May 4 was $169.9 million, down from $187.1 million in the year-ago period. Its results missed Wall Street forecasts.

    Total sales fell 3.5% to $5.81 billion, also falling short of estimates. In North America, same-store sales were down 2% on weak demand for computers, software and technology accessories.

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