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International Business

  • 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.

  • Big 5 names new director, board expands to seven

    EL SEGUNDO, Calif. — Big 5 Sporting Goods announced that it has appointed Dominic DeMarco to serve on its board of directors, thereby expanding the board to seven members. DeMarco is director, co-chief investment officer and chief compliance officer for Stadium Capital Management LLC, an investment advisory firm whose affiliated funds have been shareholders of Big 5 since 2006 and taken together are the company's largest current shareholder.

  • Pollo Campero Debuts New Prototype

    Pollo Campero, the fast-growing Latin chicken chain, unveiled a new prototype designed by Interbrand Design Forum. Created with the American consumer in mind, the new design debuted in Webster, Texas. Two other locations are due to open in the Houston area by yearend.

  • Amazon Kindles sales, but profits disappoint

    SEATTLE — The popularity of Amazon.com's Kindle e-readers continues to help boost Amazon.com's sales. However, net income for the third quarter was disappointing.

    Amazon.com reported that net sales for the third quarter increased 44% to $10.88 billion in the third quarter, compared with $7.56 billion in third quarter 2010. Net income decreased 73% to $63 million in the third quarter, or 14 cents per diluted share, compared with net income of $231 million, or 51 cents per diluted share, in third quarter 2010.

  • Starbucks celebrates 500th store opening in Mainland China

    New York City -- Starbucks Coffee Co. celebrated the opening of its 500th location in China. The store is located at the international departure hall of the Beijing Capital International Airport Terminal 3.

    “The opening of our 500th store in China is a significant milestone in our ambitious growth plans to serve our customers through 1,500 stores by 2015,” said Belinda Wong, president, Starbucks China.
     

  • Toys"R"Us expands into Poland

    WAYNE, N.J. — Toys“R”Us announced that it has established business operations in Poland and plans to open its first store in the country at the end of November. The first Toys“R”Us store in Poland will open in the country’s capital city of Warsaw just in time for the holiday shopping season, with several additional locations slated to open in major cities throughout the country in 2012, the company reported.

  • Toys ‘R’ Us to debut in Poland

    Wayne, N.J. -- Toys “R” Us said Wednesday it will make its debut in Poland at the end of November, opening a store in Warsaw.

    The company, which currently operates 300+ stores in Europe, said it will add several additional locations in major cities throughout Poland in 2012.

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