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International Business

  • Walmart spends less to grow more

    BENTONVILLE, Ark. — The pace at which Walmart adds new selling space globally will remain unchanged next year, but improved productivity, more U.S. stores and expanding multichannel capabilities are expected to produce sales and profit growth.

  • Rethinking the Middle

  • Costco ends year with strong sales, earnings

    ISSAQUAH, Wash. — Costco reported fourth-quarter sales of $31.52 billion, an increase of 14% from $27.59 billion for the same period last year.

    Net income for the quarter was $609 million, or $1.39 per diluted share, compared with $478 million, or $1.08 per diluted share, during the fourth quarter of fiscal 2011.

    Comparable-store sales, excluding fuel, rose 6% at U.S. stores, 7% internationally and 6% for the total company.

  • Gap launches e-commerce in Japan

    San Francisco -- Gap Inc. announced Wednesday that customers in Japan can now shop Gap and Banana Republic products online through its new Japanese e-commerce sites (gap.co.jp and bananarepublic.co.jp). The sites offer Gap, GapKids, babyGap and Banana Republic products.

  • Gap expands e-commerce service to Japan

    SAN FRANCISCO — Gap Inc. is expanding its e-commerce service to Japan. Japaese customers can now shop Gap and Banana Republic products online through its new Japanese e-commerce sites (gap.co.jp and bananarepublic.co.jp).  The sites offer Gap, GapKids, babyGap and Banana Republic products.

  • Wal-Mart to grow Neighborhood Markets to 500 strong by 2016

    Rogers, Ark. -- In its annual meeting with analysts on Wednesday, Wal-Mart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.

    “This gives us the opportunity to build more stores for less money," Simon said. Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores.

  • Zara Home launches U.S. e-commerce site

    New York -- Inditex’s home-décor concept Zara Home said Tuesday it is unveiling Zarahome.com in the U.S. on Tuesday.

    The new e-commerce site will feature home textiles as well as select furniture, tableware, cutlery and decorative accessories.

    Zara Home currently operates in 32 countries with more than 325 stores and offers e-commerce in 18 countries.

     

  • H&M joins NYC skyline with Times Square store

    NEW YORK — H&M will cement its place in New York City with the opening of its 13th store in Times Square.

    The retailer has announced the lease signing for a 42,500 sq. ft. space that will become part of the NYC skyline, complete with 70 ft. by 70 ft. signage at the top of the store.

    The store will feature three floors housing collections for ladies, men and children.

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