FedEx Kinko's is building hundreds of new, smaller copying stores in a move designed to take shipping business from rival United Parcel Service Inc.
The Dallas-based unit of package-delivery giant FedEx Corp. said yesterday it would open 300 new U.S. stores by next summer.
The 300 new branches will also have a small format. The new stores will average 1,800 to 1,900 square feet, or one-third the average size of an existing Kinko's. Most will be located near larger stores, including some that are open 24 hours, and will rely on the big stores to handle large jobs, company officials said.
A unit of FedEx Corp. (NYSE: FDX), which is based in Memphis, FedEx Kinko's also plans to redesign 110 existing centers and introduce 20 new locations internationally.
There are nine FedEx Kinko's currently operating in the Nashville market.
Outside the U.S., 12 new centers will open in China, four in Japan, two in Korea, one in Australia and one in Canada. Currently, the company has 159 international locations and 1,700 U.S. locations.