REAL ESTATE

OfficeMax to open smaller format

BY Marianne Wilson

New York — OfficeMax has become the latest retailer with a smaller-store, urban format either open or in the wings.

The retailer will unveil its smaller concept sometime in 2013, according to Crain’s Chicago Business. The new format will range between 5,000 sq. ft. and 15,000 sq. ft., the report said.

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FINANCE

Safeway names former Starbucks finance chief as CFO

BY Katherine Boccaccio

Pleasanton, Calif. — Safeway Inc. announced Monday that it has named Peter J. Bocian as EVP and CFO, effective Feb. 19.

Bocian, who will report to Safeway president Robert Edwards, spent a year with Starbucks as the coffee purveyor’s CFO and chief administrative officer. Most recently, he was head of real estate finance for JP Morgan Chase.

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FINANCE

Vitamin Shoppe cleared for Super Supplements takeover

BY Katherine Boccaccio

North Bergen, N.J. — The Vitamin Shoppe said Monday it was notified by the FTC that it has been cleared to acquire Super Supplements, with a targeted closing date of Feb. 15.

In December, the vitamin retailer had announced it would purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements, for $50 million.

Super Supplements operates 31 stores in Washington, Oregon and Idaho, and expands Vitamin Shoppe’s presence in the Pacific Northwest where it currently operates 17 stores.

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