FedEx Kinko’s to Open 300 Print Centers
FedEx Kinko
’s officially announced an aggressive expansion
plan to open 300 new office and print centers in the United States
throughout fiscal 2008. The company also will redesign 110 existing
centers and introduce 20 new locations internationally. These changes
are part of the company
’s overall plan to
provide small businesses and traveling professionals with even greater
access to the company
’s office and print
services and the FedEx transportation network.
FedEx Kinko’s has more than 1,700 locations in
operation today, and this latest push for growth comes on the heels of
the successful execution of its expansion plan in fiscal 2007. Last
August, the company introduced a smaller store format and announced
plans to open 200 centers nationwide with the new design. These centers
have an average footprint of 1,800 square feet and carry more than 700
different office products. In addition, they offer the same services as
a traditional center and have generated positive customer feedback since
the launch. Based on the strong results, the 300 domestic locations
scheduled to open in fiscal 2008 will feature the small-format design as
well.
“With our strategic expansion efforts, we are
opening the equivalent of one new FedEx Kinko’s
location every business day over the 2008 fiscal year,”
says Ken May, president and chief executive officer of FedEx Kinko’s.
“And with more centers around the world, we’re
making it easier than ever for customers to get the shipping, office and
printing services they need in one stop.”
International Growth
FedEx Kinko’s also plans to embark on its
most aggressive international expansion effort to date by opening 20 new
centers outside the United States during fiscal 2008. These new centers
will be focused in the Asia-Pacific region with 12 in China, four in
Japan, two in Korea, and one in Australia. In addition, one new center
will be opened in Canada. Currently, the company has 159 locations
outside the United States.
“The tremendous economic growth of the
Asia-Pacific region is fueling an increase in demand for our services,”
says Joe Luongo, senior vice president of international at FedEx Kinko’s.
“As a result, we are almost doubling our
current presence in China and enhancing our strong presence in Japan.”
Redesign of Existing Centers
In addition to the new locations, FedEx Kinko’s
will begin the process of converting 110 existing centers from a
traditional format to a large-footprint retail model first introduced in
October 2005. These U.S.-based centers, which range from 6,000 to 10,000
square feet, will be redesigned to stock more than 2,500 different
office supplies. Also, the locations will be reconfigured to have
enhanced areas for shipping, computer rental and Internet services.
“At FedEx Kinko’s,
we’re dedicated to growth and innovation,”
says Tom Leverton, executive vice president and chief development
officer of FedEx Kinko’s. “Customer
needs are evolving at a rapid pace, and FedEx Kinko’s
is driven to build our network in response.”
About FedEx Kinko’s Office and Print
Services
FedEx Kinko's Office and Print Services is the world's leading provider
of document solutions and business services. The Dallas-based company
has a global network of more than 1,700 digitally-connected locations in
11 countries. FedEx Kinko’s offers access to
copying and digital printing, professional finishing, document creation,
Internet access, computer rentals, videoconferencing, signs and
graphics, notary, direct mail, office products, Web-based printing, and
the full range of FedEx day-definite ground shipping and time-definite
global express shipping services. For more information, please visit www.fedexkinkos.com.
Products, services and hours vary by location.