Distribution

WAYNE, N.J. — Toys“R”Us announced that it has entered into a joint venture with Li & Fung Retailing that would make Toys"R"Us Inc. the majority shareholder of Toys"R"Us operations in Southeast Asia and Greater China. With this agreement, the existing Toys“R”Us licensed operations throughout Asia, which currently consist of more than 100 stores and offices across nine markets, will become 70% majority owned and controlled by Toys“R”Us Inc. and 30% owned by Li & Fung Retailing.

Wayne, N.J. -- Toys “R” Us announced Tuesday a joint venture with Li & Fung Retailing that will expand Toys “R” Us in Southeast Asia and Greater China.

With the new agreement, the existing Toys “R” Us licensed operations throughout Asia, consisting of more than 100 stores and offices across nine markets, will become 70% majority owned and controlled by Toys “R” Us and 30% owned by Li & Fung Retailing.

Springfield, Mo. -- O’Reilly Automotive reported Thursday that net income for the third quarter rose 27% to $148 million, compared with $117 million in the year-ago period.

Sales increased 8% to $1.54 billion from $1.43 billion. Same-store sales rose 4.8%.

During the quarter, the company opened 50 new stores, bringing its store count to 3,707 in 39 states.
 

Dallas -- SRS Real Estate Partners said that Dollar Tree/Deal$ has leased four new retail spaces, all in New York.

The company leased 12,000 sq. ft. in Maspeth, N.Y.; 12,000 sq. ft. in Brooklyn; 10,250 sq. ft. in Sunnyside; and 9,341 sq. ft. on Broadway in New York City.
 

BIRMINGHAM, Ala. — Books-A-Million has announced that it will open 41 new BAM! stores in markets across the U.S. in early November. The company has also closed 21 underperforming locations during its third quarter. 

Canton, Mass. -- Dunkin' Donuts has 86 new restaurants slated for development in the Washington, D.C., market by 2020. The company said 15 development agreements were signed over the past year that will deliver 64 new restaurants, in addition to 22 restaurants that were previously contracted.

Wayne, N.J. -- Toys “R” Us said Wednesday it will make its debut in Poland at the end of November, opening a store in Warsaw.

The company, which currently operates 300+ stores in Europe, said it will add several additional locations in major cities throughout Poland in 2012.

BOCA RATON, Fla. — Office Depot delivered higher profits for its third quarter, but sales were down thanks in part to weak comps at its North American retail division. Office Depot reported that total company sales for the third quarter of 2011 were $2.8 billion, a 2% decrease compared with the third quarter of 2010. Net earnings for the quarter were $92 million, or 28 cents per diluted share, compared with $32 million or 12 cents per diluted share for the same period last year.

CHICAGO — At an event Tuesday in Chicago, Supervalu announced that it will open a Save-A-Lot store in the Lawndale neighborhood of Chicago, bringing thae total number of Save-A-Lot stores in the Chicagoland area to 14. Supervalu, which said it is opening the store as part of its commitment to helping eliminate food deserts nationally, made the announcement alongside First Lady Michelle Obama and Chicago Mayor Rahm Emanuel. The Lawndale store will open by the end of November. 

Pittsburgh -- Dick’s Sporting Goods announced it is opening five stores this week.

The retailer will be opening stores at Fort Smith Pavilion, Fort Smith, Ark.; Springbrook Prairie Pavilion, Naperville, Ill.; Indian Mound Mall, Heath, Ohio; The Shops at Stonewall, Gainesville, Va.; and Lisbon Landing, Lisbon, Conn.