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International Business

  • Report finds self-checkout moves into mainstream; shipments to grow 20% in 2012

    New York City -- The global market for self-checkout has continued to thrive despite a difficult retail environment, according to a new report by London-based strategic research and consulting firm RBR.

  • Dick’s Sporting Goods announces store openings

    Pittsburgh -- Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa, and one store in Broken Arrow.

    In other news, Dick’s will open at Premier Center, Canton, Mich., on Nov. 2, and at Waters Place, Ann Arbor, Mich., on Nov. 4.

  • OfficeMax profit edges up in Q3 amid declining sales

    Naperville, Ill. -- OfficeMax reported Thursday that net income for the quarter ended Sept. 24 rose to $21.5 million, compared with $20 million in the year-ago period.

    Sales dipped 2.1% to $1.77 billion from $1.81 billion, barely meeting Wall Street’s expected $1.807 billion. Same-store sales dropped 4.3%.

    “We remain focused on driving operational efficiencies as we position the company for long-term growth," said Ravi Saligram, president and CEO, OfficeMax.

  • UK beauty brand Nip + Fab comes to U.S. via Target partnership

    MINNEAPOLIS — Target has partnered U.K. beauty expert Maria Hatzistefanis and is now carrying her Nip + Fab beauty brand in Target stores and online at Target.com.

    Launched in 2010 and previously available only across the pond, Nip + Fab is now available in the United States through its partnership with Target.

    Beauty mavens can select from 14 different Nip + Fab skin solutions and body blends, including Nip + Fab Tummy Fix, Nip + Fab Pigmentation Fix and Nip + Fab Dark Circle Fix.

    Hatzistefanis also has created the Rodial beauty brand.

  • China newspaper reports Wal-Mart selling outdated coffee

    Beijing -- Local Chinese newspaper the People’s Daily reported Thursday that, just two days after re-opening all 13 stores in Chongqing following a forced two-week closure for mislabeling regular pork as organic, the retailer has been called out for selling expired coffee in one of its Chongqing stores.

    Wal-Mart’s Beijing-based spokeswoman Christina Lee said the retailer is currently investigating the case.

  • OfficeMax delivers a profit despite weak economy

    NAPERVILLE, Ill. — OfficeMax's sales were down for the third quarter, but the company managed to deliver higher net income growth during a period of executive transitions and a tough economy.

    OfficeMax announced that total sales were $1.8 billion in the third quarter of 2011, a decrease of 2.1% from the third quarter of 2010.  For the third quarter of 2011, OfficeMax reported net income of $21.5 million, or 25 cents per diluted share, compared with $20 million, or 23 cents per diluted share, in the third quarter of 2010.  

  • Build-a-Bear swings to profit in Q3

    St. Louis -- Build-A-Bear Workshop reported Thursday a profit of $0.9 million for the third quarter, compared with a loss of $1.4 million in the year-ago period.

    Sales rose 3.1% to $95.4 million, and same-store sales increased 1.1%.

    “We remain optimistic about our business and expect the ongoing implementation of our strategies to enable us to continue our positive performance,” said Maxine Clark, Build-A-Bear Workshop’s chairman and chief executive bear. International revenue surged 14%.

  • Pet Supplies Plus executive chairman retires

    FARMINGTON HILLS, Mich. — Pet Supplies Plus, the third-largest pet specialty retailer in the United States, announced that Harvey Solway, executive chairman of the company, is retiring effective Dec. 31.

    Solway, 60, began his twenty-year career with Pet Supplies Plus as EVP and general counsel and served as the company's CEO from January 1993 through June 2011. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today, the company reported. 

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