Boca Raton, FL — Office Depot has opened its first Caribbean store in Santo Domingo, Dominican Republic, as part of its franchise agreement with Benmore International.
Boca Raton, FL — Office Depot is now expanding its retail store presence in the Caribbean territory as part of its franchise agreement with Benmore International.
Through its relationship with Benmore International, Office Depot initially launched a delivery business for customers at the end of last year. In August 2011, the first Office Depot retail store location opened in Santo Domingo, Dominican Republic, at the Galeria 360 on John F. Kennedy Ave., one of the city’s busiest avenues. Office Depot is planning three additional Dominican Republic stores scheduled to open 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 has executed a successful franchise business model in other parts of the world, including the Kingdom of Saudi Arabia, the United Arab Emirates and in Kuwait.
“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,” says Ernst Wessel, Office Depot’s vice president 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.”
Currently, Office Depot has 1,627 worldwide retail stores with annual sales of approximately $11.6 billion. For more information, visit www.officedepot.com.