"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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
