International Business

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.

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.
 

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.

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.

New York City -- Coach said Tuesday its first quarter profit increased 14% on strong demand for its products at home and abroad. Its results beat expectations and reflected the continuing strength of the luxury market.

Coach reported net income of $215 million for the three months ended Oct. 1, up from $188.9 million in the year-age period.

Revenue rose 15% to $1.05 billion, from $912 million a year ago. Same-store sales were up 9.2% in North America.

Boca Raton, Fla. -- Office Depot's fiscal third-quarter net income more than doubled, but its adjusted results missed analysts’ expectations amid sales declines in North America.

The company earned $91.7 million for the period ended Sept. 24, compared with $32 million a year earlier. But excluding $6 million in restructuring charges and other costs and a $99 million tax benefit, the company lost about $700,000, or break-even per share.