International Business

New York -- Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.

On Tuesday, Metro announced it was selling off nearly half its stake in Couche-Tard Inc. for $482 million.

In December, Loblaw announced plans to spin off the vast majority of its property assets into a real estate investment trust.

Jorge A. Plasencia was the inaugural recipient of the Goya Hispanic Achievement Award presented this week in New York.

Goya, the largest Hispanic-owned food company, and the Spain-U.S. Chamber of Commerce created the award to recognize a Hispanic leader or organization in the fields of business, arts, science and social responsibility.　 The award was presented to Plasencia at an exclusive gala dinner at the New York City Public Library, attended by more than 250 people.

CONSHOHOCKEN, Pa.  — Ikea reported that sales for its fiscal year 2012 grew by 9.5% and profits were up 8% to $4.2 billion, thanks to its model of offering low-cost, functional furniture. Comparable-store sales were up 8% at its U.S. stores.

The Ecco shoe brand has engaged the services of Demandware to power its new U.S. e-commerce and mobile commerce site. The company also plans to use Demandware’s cloud platform to quickly and efficiently expand internationally, beginning with Canada.

Ecco products are sold online and in 4,000 branded locations in more than 90 countries. 

FRAMINGHAM, Mass. — Staples is bringing its branded products to Japan through a wholesale distribution relationship with Jointex, a leading office products wholesaler and division of Plus Corp., a manufacturer of stationery and office furniture based in Tokyo.

Bentonville, Ark. -- Wal-Mart Stores is tightening the reins on its global suppliers. Effective March 1, the retailer is implementing a "zero tolerance" policy for any supplier who subcontracts work to factories without the company’s knowledge, the Associated Press reported. Previously, Wal-Mart gave suppliers three chances to correct mistakes.

As part of the new rules, Wal-Mart will require all factories in Bangladesh to undergo an electrical and building safety assessment from an independent agency.

New York -- Walmart on Tuesday updated its plans for its Canadian division, saying that it plans to complete at least 37 supercenter projects in the country during the company’s next fiscal year (February 1, 2013 to January 31, 2014). The announcement comes a couple of months before Target Corp.’s spring launch of its stores in Canada. 

Walmart’s store count in Canada will increase by nine units during the coming fiscal year following an exceptional rate of growth in 2012.