Article: The Yankees are going abroad to build business.(news)

NEW YORK -- As U.S. consumer spending continues to slow, retailers across distribution channels are setting their sights abroad.

Merchants such as Macy's, Bed Bath & Beyond and Crate & Barrel are laying the groundwork for international expansion with some already opening stores overseas.

Last month, Bed Bath & Beyond formed a joint venture with Home & More, S.A. de C.V., a Mexican products retailer.

As a result of a $4 million investment, the retailer became a 50 percent equity holder in a newly formed entity currently operating two stores in Mexico City under the name Home & More, which offer a wide assortment of home goods, such as textiles, ...

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