Expansion plans for Paper Plus

Paper Plus Group is planning to expand its network of book and stationery stores, adding around 20 outlets to its current number.

A refurbishment plan announced yesterday will also involve the refitting of the entire network of 106 Paper Plus stores over the next two years.

The company plans to invest almost $22 million in its local brand by December 2011.

By this time, it plans to grow from 106 to a target of 120 to 130 stores.

Paper Plus CEO Rob Smith says the company was already reviewing its future plans when the recession hit. After extensive research and customer feedback it decided to secure its position in the marketplace by completing an upgrade process.

The Paper Plus Group began 26 years ago and is one of New Zealand's largest stationery and booksellers. The group incorporates three separate retail brands: Paper Plus, which has 106 stores; Take Note with 58 stores; and Office Spot with two stores.

- NZHERALD STAFF