REAL ESTATE

Toys ‘R’ Us to cut back on holiday pop-up

BY Staff Writer

New York City — Toys “R” Us will open fewer holiday pop-up stores this year, Reuters reported.

In 2010, the chain opened some 600 temporary Toys “R” Us stores nationwide. But spokeswoman Kathleen Waugh said the company has decided to open fewer stores this holiday season, according to the report.

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REAL ESTATE

Office Depot opens first Caribbean location

BY Staff Writer

Boca Raton, Fla. — Office Depot is expanding into the Caribbean as part of its franchise agreement with Benmore International. The company has opened a store in Santo Domingo, Dominican Republic. It plans to open three additional locations in the Dominican Republic in 2012.

In addition to its operations in various Central American countries and Puerto Rico, Office Depot plans to further expand its business throughout the Caribbean.

“Office Depot is excited to open our first store in the Dominican Republic and we are looking forward to expanding our footprint in the Caribbean territory,” said Ernst Wessel, Office Depot’s VP and managing director for Latin America. “We’ve had considerable success with our franchise model in the Middle East. We believe that the Office Depot business is particularly suitable and attractive as a franchising concept for certain territories and we are actively looking to grow this part of our business in a number of overseas markets.”

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Seattle’s Best Coffee opens 12 stores

BY Staff Writer

Seattle — Seattle’s Best Coffee, which is owned by Starbucks, has opened 12 stores since April, bringing it to almost 100 locations in the United States and Canada. The expansion reflects the chain’s strategy to build upon the brand’s broad distribution network of franchised locations, company-operated stores, relationships with restaurant chains, and foodservice locations.

"Our retail locations are important to our business, and franchising will be the engine for our continued retail growth," Jim McDermet, senior VP and general manager of Seattle’s Best Coffee, said in a statement.

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