International Strategy

eBay announced that it's agreed to acquire additional shares in GittiGidiyor, the leading online marketplace in Turkey. The deal follows eBay’s acquisition of a minority stake in the company in 2007. Upon closing of the transaction, eBay will own approximately 93 percent of the outstanding shares of GittiGidiyor.

Target plans to open more than 200 stores in Canada, with the first stores opening in 2013. With its first foray into the Canadian market, the big-box giant hopes to generate $6 billion in annual sales in Canada during the next six years.

Gap has opened an online store on China's biggest e-commerce platform Taobao, in an effort to lure savvy Chinese shoppers outside wealthy cities. Gap opened its store on Taobao Mall, alongside the likes of Adidas, Levi Strauss & Co and Japan's Uniqlo.

Wal-Mart announced that it will reopen 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.

Lingerie company Frederick’s of Hollywood is expanding internationally with the signing of a licensing agreement covering six countries in the Middle East. The deal with Abu Dhabi-based Emirates Associated Business Group will lead to the opening of at least 10 Frederick’s of Hollywood stores in the next three years.

The aftershocks of the Japanese earthquake reached the shores of the U.S. as investors and financial analysts started assessing the damage that Japan's devastating earthquake and tsunami would have on U.S. businesses.

Aeropostale announced that it's signed a licensing agreement with Montreal PTE Ltd., a joint venture between Apparel Group LLC and Jay Gee Melwani Group, to open approximately 25 stores across Singapore, Malaysia and Indonesia over the next five years.

Levi Strauss has opened an internet store on China's largest retail website Taobao as it seeks to grab a share of the fast-growing online consumer market. Levi's launched its flagship online store in China on the Taobao Mall platform.

Wal-Mart Stores is in talks to become a partner of Indonesian retailer PT Matahari Putra Prima to develop its hypermarts, according to Reuters. Matahari last month said it will seek a "global partner" to develop its hypermart business.

In Japan, consumers have been scaling back their purchases of big-ticket luxury brand items and searching for bargains due to the country's continued economic malaise and deflationary pressures. Meanwhile, e-commerce sales have been gaining traction, making it a good time for Gilt Groupe to launch in the country.