Bershidsky On Europe: Eurosceptics And An Adidas Warning

Markets close in 2 hrs 56 mins Staples Europe Launches Updated Website New website from the worlds second largest internet retailer makes it easy for businesses to get what they need to succeed Press Release: Staples Europe 5 hours ago Staples Europe Launches Updated Website. (Photo: Business Wire) Multimedia Gallery URL RELATED QUOTES +0.0750 AMSTERDAM–(BUSINESS WIRE)– Staples Europe recently announced the launch of a new website which makes it easy for small businesses to find and order the products they need to succeed. The new site, from the worlds second largest internet retailer, has a new look and feel and offers many new features to improve the overall shopping experience including; A personalized way to shop, with product recommendations based on customer preferences An updated search engine and filtering tools Easy reordering for frequently used products Quick checkout with a mini cart that makes it easy to insert coupons, save addresses, and review orders From start to finish, provides an easy online shopping experience for businesses, said Willem Vos, Head of eCommerce, Staples Europe. Customers will have a more personalized way to shop and can quickly find and order exactly what they need to help run their business. provides customers with access to more items than ever, as Staples continues to drive towards its vision of providing every product businesses need to succeed. Customers can select from the latest tech products, furniture, office supplies, and cleaning and breakroom items. About Staples Staples is the worlds largest office products company and second largest internet retailer. For 27 years, Staples has served the needs of business customers and its vision is to provide every product businesses need to succeed. Through its world-class retail, online and delivery capabilities, Staples offers office supplies, technology products and services, facilities and breakroom supplies, furniture, copy and print services and a wide range of other product categories. With thousands of associates worldwide dedicated to making it easy for businesses of all sizes, Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand. The company is headquartered outside Boston. More information about Staples ( SPLS ) is available at . Photos/Multimedia Gallery Available:

Are McDonald’s higher sales in Europe part of a larger trend?

Interest from Air France KLM would be welcome news both to the investors and to Alitalia itself, but not to many of its staff, if the massive layoffs at AirFrance are any indication. Adidas issues profit warning Germany’s Adidas, the world’s second biggest sportswear manufacturer after Nike, warned investors they should expect a dividend payout of no more than $1.15 billion for 2013, down from the previous minimum estimate of $1.2 billion. The company, whose Adidas and Reebok brands are strong in Russia, Brazil, Argentina and Turkey, is suffering from the weakening of emerging-markets currencies and a slowdown in the golf market. Besides, the company is having difficulty moving to a new distribution facility near Moscow and has to lower its Russian sales projections. It is commonly thought that globalization is the best cure for European companies facing lower demand at home, but Adidas’s troubles highlight the pitfalls of global expansion. The company, however, is still in great shape financially and in terms of sales: It is just that investors’ expectations may have been too high. France calls for EU regulation of U.S. Internet companies France is calling on the European Commission to work out rules for Internet companies to ensure the profits they make in Europe are taxed in the EU. That would mean, in effect, taxing international data flow. French Technology Minister Fleur Pellerin, who is behind the proposals, also wants the EU to decree that digital entities like e-books and user profiles contained within closed ecosystems like Google’s, Apple’s and Amazon’s be made transferable between systems. That, according to Pellerin, would help European companies compete with U.S. Internet giants. The plan, however, is not likely to be adopted by Brussels: It looks too much like an extortion attempt victimizing successful companies that won market share in Europe without any help from the local regulators.

Staples Europe Launches Updated Website

Federal Reserve surprised the market by delaying plans to scale back its stimulus measures. Cyclicals and real estate shares led the rally, with global miner Rio Tinto gaining 1.4 percent and Unibail-Rodamco , Europe’s biggest property group, surging 3.9 percent. Gold miners also jumped, tracking a sharp rally in the precious metal as the U.S. dollar fell. Randgold climbed 8.3 percent and Fresnillo added 5.7 percent. After European markets closed on Wednesday, the Fed said it would keep buying $85 billion in assets per month, countering expectations that it would start trimming the programme by at least $5 billion to $10 billion. The Fed’s quantitative easing programme has been a major factor behind the global equity market rally of the past year. The FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,264.24 points, a level not seen since mid-2008, while the euro zone’s blue-chip Euro STOXX 50 index was up 0.7 percent, at 2,927.28 points. “The Fed’s decision not to taper doesn’t change the scenario, it just delays everything,” said Oliver Pfeil, portfolio manager, global equities, at Deutsche Asset & Wealth Management, which has about 1 trillion euros ($1.35 trillion) in assets under management. “The market now realises that it will take much longer to unwind quantitative easing, but at the end, economic growth will pick up, so going into cyclical stocks still makes a lot of sense,” he said. Looking forward, Pfeil sees more upside for European shares than U.S. stocks, expecting a snap-back in stock valuation levels as the euro zone emerges from recession. European shares seen as defensive were lagging on Thursday, with German utility down 2 percent and Swiss pharma group Novartis down 0.8 percent, as investors turned to more cyclical stocks.

Europe shares hit 5-year high as Fed sticks to stimulus

In Europe, McDonalds said that its same-store sales, which only account for stores that have been open for at least 13 months, jumped 3.3%its largest gain since June 2012. Analysts as a whole were looking at 0.1% drop. Is recent pickup part of a larger trend? Just last quarter, McDonalds Corp. (MCD)s managers stressed the challenging environment they were facing and said they expected the condition to remain for the rest of the year. Same-stores sales in Europe were negative 0.1% for the second quarter of this year compared to the same period last year. Fundamentals have improved over just a short period, though, and thats just one reality in life. When momentum kicks in, changes can happen quickly. Other times, they take longer than what most people expect. McDonalds recent announcement could be part of a larger trend forming in Europe. Yum! Brands Inc. (YUM), which has significant exposure to Europe, may also see some pick-up in sales growth. Key indicators you can use to stay a step ahead Retail investors are always bombarded with information from the media, the movements in the market as well as the opinion of relatives, peers, and investment superstars on the web. Quite often, they also become irrational because of emotional influences.