
New York City, OBoticario, with 2,400 stores in Brazil, has targeted expansion in the United States and Argentina as its main goals in 2006, according to a report in the Brazilian Retail News. The perfumery and cosmetics chain also expects to enter Iraq.
In related news, the National Retail Federation (NRF) has chosen Miguel Krigsner, president, O Boticario, as International Retailer of the Year.