OPERATIONS

Report: EBay targets Latin America

BY Dan Berthiaume

San Jose, Calif. – EBay Inc. is reportedly targeting customers in 19 Latin American countries with tailored Spanish- and Portuguese-language e-commerce sites. According to Bloomberg, the sites will conduct transactions in local currencies and serve customers in countries including Mexico and Brazil.

The effort will also include a Portuguese-language mobile app to go along with EBay’s existing Spanish-language mobile app. EBay executives said growth in e-commerce is moving south and east and that markets such as Brazil are growing rapidly.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Global Facility Management names two new managers

BY Dan Berthiaume

Melville, N.Y. – Global Facility Management & Construction is naming two new members of its management team. Bruce Wollmuth has been named construction manager, leading a team of construction project managers.

Wollmuth has 16 years of construction / facility management experience, including 11 years as part of the retail facilities teams at Abercrombie & Fitch for 11 Years and he spent three years at Hollywood Video prior to that. Most recently, Wollmuth worked as Facilities Manager for Charming Charlie, where he managed the day to day facility needs of their corporate offices and their 250 retail store locations.

Richard Kowalewski will be joining its accounting team in the role of controller. His new position will see him assist Global with cost control, compliance, reporting and budget analysis. Kowalewski has more than 15 year’s controller experience.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Gold prices hurt DGSE in Q1

BY Dan Berthiaume

Dallas – DGSE Companies Inc. swung to a net loss of $523,000 from a net profit of $300,000 in first quarter 2014. The retailer cited significant decreases in both bullion and scrap sales resulting from a drop in gold prices as affecting its performance, which included a 32% drop in revenue to $19.9 million from $29.2 million.

DSGE has closed 23 stores since February 2014 and expects $3.7 million in non-recurring charges in 2014 as part of discontinued operations.

“In light of existing market realities, we took decisive action during the quarter to mitigate our losses in order to return the company’s continuing operations to profitability,” said Dusty Clem, chairman, president and CEO of DSGE. “Collectively, the 23 Southern Bullion locations we closed this year contributed approximately $1.9 million to our net losses for 2013. These closures allow us to return all of our attention to the 12 locations that can support the full exchange model which DGSE has successfully operated for decades. Moving forward, we continue to focus on building a more robust e-commerce platform and bolstering revenues in the higher-margin segments of our business, including our high-end jewelry, diamonds and watches.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...