REAL ESTATE

American Eagle Outfitters to open stores in Israel

BY Katherine Boccaccio

Pittsburgh — American Eagle Outfitters said Tuesday that its debut store in Israel will open on Thursday at Ramat Aviv Mall, in Tel Aviv.

Ten additional locations are planned over the next month, in locations such as The Big Mall in Petach Tikva, Kiryat Ono Mall, and Mall of Haifa. The franchise stores will be operated by Fox-Wizel Ltd., a leading retailer and wholesaler in the region.

American Eagle has been expanding its international presence for the past three years, now with 21 stores in 10 countries, partnering with retail experts in each region. Today, there are franchise stores open in Russia, China, Hong Kong, and various cities throughout the Middle East. The first stores in Japan are slated to open in the coming months.

“American Eagle Outfitters customers in Israel are incredibly passionate about the brand,” said Simon Nankervis, VP of global business development, American Eagle Outfitters.

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OPERATIONS

Walmart and Redbox renew agreement

BY Katherine Boccaccio

Oakbrook Terrace, Ill. — Redbox Automated Retail, a division of Coinstar, announced Tuesday it has renewed its agreement with Walmart to continue featuring Redbox kiosks at more than 3,700 Walmart locations nationwide.

The agreement extends the availability of Redbox kiosks and builds upon the companies’ more than five-year relationship, said Redbox.

The first Redbox kiosks were installed in Walmart stores in 2006.

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OPERATIONS

Office Depot releases 2011 Corporate Citizenship Report

BY Katherine Boccaccio

Boca Raton, Fla. — Office Depot announced Tuesday the release of its 2011 Corporate Citizenship Report, highlighting its commitment to business, ethics, diversity, environmental sustainability and community.

Highlights of the report include diversity initiatives such as its Historically Underutilized Businesses catalog, which features products by businesses owned by minorities, women, the disabled and veterans; its ranking as the greenest retailer in America; and its compliance training initiatives.

“In 2010, Office Depot remained steadfast in all aspects of our corporate social responsibility commitments despite economic conditions that remained challenging for the office supply business,” said Neil Austrian, chairman and CEO, Office Depot.

The 2011 Office Depot Corporate Citizenship Report is available online at officedepotcitizenship.com.

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