"Belgium has a good, vibrant workforce," says Jacques Levy, Staples International president, who is based in Brussels. "An added advantage is the central location. Brussels, the capital of Belgium, which is roughly 200 miles or less from many of Europe's major cities, including London, Amsterdam, Paris and Frankfurt."
Staples currently has 153 stores in the United Kingdom, Germany, the Netherlands and Portugal, with plans to open roughly 20 or more stores in Europe in 2001. Same-store sales growth in Europe was 18% percent during Staples' second quarter, the highest rate of any retail operation in the company. Details of the deal were not released.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
