The third Office Depot office supply store in Japan will open soon in Tokyo's Ginza, an area better known for upscale retailers than discounters. Given the high property prices, the outlet is just three-fifths the size of the 31,300-square-foot Office Depot in the capital's Shingawa ward that has been in business for the last year. These two stores as well as the original Office Depot location in Hiroshima are managed by OFFICE DEPOT INC.'s subsidiary, which is a joint venture between the Delray, Florida company and Hiroshima-headquartered consumer electronics retailer DEODEO CORP.
With the success of four trial Babies "R" Us shops inside Toys "R" Us stores, TOYS "R" US INC.'s subsidiary has decided to extend this retailing concept nationwide. Its newest Toys "R" Us store, located in Nagoya, shares its 34,500-square-foot space with a Babies "R" Us shop that sells clothing, diapers, furniture, strollers and other products for children up to age 3. The Nagoya store is Toys "R" Us's 71st in Japan.
An exchange rate of ¥121=$1.00 was used in this report.