Retail Roundup—Office Depot buys tech service; Amazon looks to France

Despite France's high threat level, hotel stays reached 107.1 million.
Amazon looking to expand into France.

Holiday sales could rise 4%

The National Retail Federation is predicting that holiday sales will rise between 3.6% and 4% in November and December, for a total of more than $678 billion. One reason for the rise is the extra weekend shopping day before Christmas, mixed with a healthy economic outlook post-hurricane season. (NRF)

Amazon looking for expansion into France

Amazon is looking for physical store space in France and has approached French distributors to seek possible partnerships or make an acquisition in the European country. However, thus far, the marketplace has not received positive feedback from French distributors. (CNBC)

Albertsons raises $720M through real estate

Albertsons has made a deal to sell 71 stores to a real estate investor and then lease back the properties. The deal with CF Albert LLC would raise $720 million and free up cash for the grocery chain. (Supermarket News)

Office Depot to acquire CompuCom

Office Depot has agreed to purchase CompuCom for $1 billion in hopes of breathing life into a struggling office-supply chain. The acquisition will allow Office Depot to start selling tech services to its business customers—a step in becoming a seller of business services and technology. (Bloomberg)