In an effort to focus on its U.S. business, Staples announced it would sell its European business to private equity firm Cerberus Capital Management LP., for $53.65 million. See what this will mean for Staples.
Is Staples looking to exit Europe? It certainly looks that way as CEO and chairman Ronald Sargent said the company has been challenged by weak results in Europe. See what strategic plans Staples has moving forward with its global operations.
The construction of a new, state-of-the-art distribution center in Trade Port North in Venlo, Netherlands is an important and exciting step in the evolution of Michael Kors.
It appears apparel sellers have a leg(ging) up on other merchants who are looking to sell cross-border to consumers in Europe. See what this will mean for retailers.
UPS’ decision to invest $1B in Euro operations was based on Germany’s surging economy, growth in healthcare spending and competitors’ logistical build-out.
Merchants who want to conduct cross-border ecommerce into France and Germany have to grapple with a common issue – trust in the online channel.
UPS plans to invest $1 billion in its European operations over the next three to five years, mostly focused on Germany, according to CFO Kurt Kuehn.
UPS announced this week that it has opened a $200 million expansion of its European air hub facility at the Cologne/Bonn Airport in Germany. This facility is one of the largest investments in the shipping titan’s history.
U.S. based footwear merchant Skechers announced that it is planning a major investment and technology upgrade to its European distribution center in Belgium. These investments will improve performance and prepare the facility for a future expansion.
Fab.com announced its plans this week to centralize operations from Europe to its New York City headquarters, according to a recent blog post written by CEO and founder Jason Goldberg.