Content about Office Depot Inc.

September 3, 2014

Office Depot Inc. has been awarded a $100 million-plus contract for office supplies and other office solutions by Corporate United following a competitive solicitation process.

Boca Raton, Fla. - Office Depot Inc. has been awarded a $100 million-plus contract for office supplies and other office solutions by Corporate United following a competitive solicitation process. The new agreement with Office Depot includes office supplies, furniture, technology products and copy and print services provided at significant discounts and savings to eligible member companies.

August 11, 2014

Office Depot, Inc. has amped up its military hiring efforts by teaming with Military.com to provide job opportunities to veterans.

Boca Raton, Fla. -- Office Depot, Inc. has amped up its military hiring efforts by teaming with Military.com to provide job opportunities to veterans.

July 22, 2014

Office Depot Inc. is partnering with pop-rock quintet R5 on the retailer’s back-to-school “Gotta Get INSPIR5D” campaign.

Boca Raton, Fla. -- Office Depot Inc. is partnering with pop-rock quintet R5 on the retailer’s back-to-school “Gotta Get INSPIR5D” campaign. Through Sept. 30, at most Office Depot and OfficeMax store locations, customers can engage with an augmented reality experience with the band.

July 21, 2014

Office Depot Inc. has named retail veteran Mark Cosby as president, North America.

Boca Raton, Fla. – Office Depot Inc. has named retail veteran Mark Cosby as president, North America. Cosby, 55, most recently served as president of pharmacy at CVS Caremark. He will be a member of Office Depot’s executive committee and leadership team and report to Roland Smith, chairman and CEO of Office Depot.

Cosby joins Office Depot following a 30-year career at a number of leading retail chains. Prior to CVS, Cosby spent five years at Macy’s Inc., where he served in a number of executive roles, including president, stores.

April 25, 2014

OfficeMax Grand & Toy, an affiliate of Office Depot, Inc., will close all of its 19 Canadian retail stores.

Toronto - OfficeMax Grand & Toy, an affiliate of Office Depot, Inc., will close all of its 19 Canadian retail stores. OfficeMax Grand & Toy will continue to service its business customers via the company’s e-commerce website, customer service centers and direct sales representatives.

April 10, 2014

Office Depot Inc. has been named to the 15th annual list of America’s Top Corporations for Women’s Business Enterprises (WBEs) by the Women’s Business Enterprise National Council (WBENC).

Boca Raton, Fla. -- Office Depot Inc. has been named to the 15th annual list of America’s Top Corporations for Women’s Business Enterprises (WBEs) by the Women’s Business Enterprise National Council (WBENC). This marks the 12th year that Office Depot has been named to the list.

March 31, 2014

Office Depot Inc. has named Juliet Johansson as executive VP and chief strategy officer, effective immediately. Johansson is a member of Office Depot’s executive committee and reports to Roland Smith, chairman and CEO of Office Depot Inc.

Boca Raton, Fla. – Office Depot Inc. has named Juliet Johansson as executive VP and chief strategy officer, effective immediately. Johansson is a member of Office Depot’s executive committee and reports to Roland Smith, chairman and CEO of Office Depot Inc.

November 13, 2013

Office Depot Inc. — the new entity created by the merger of Office Depot and OfficeMax — named Roland Smith as CEO, effective immediately.

New York -- Office Depot Inc. — the new entity created by the merger of Office Depot and OfficeMax — named Roland Smith as CEO, effective immediately. Smith, 59, most recently served as CEO of Delhaize American, a division of Belgian grocery giant Delhaize Group. Prior to that, he was president and CEO of The Wendy's Co., holding company for the Wendy's chain.

July 29, 2013

In a letter to shareholders, the board of directors of Office Depot Inc. said it has made significant progress toward a successful closing of the planned merger with OfficeMax by the end of this year.

BOCA RATON, Fla. — In a letter to shareholders, the board of directors of Office Depot Inc. said it has made significant progress toward a successful closing of the planned merger with OfficeMax by the end of this year. The letter also urges shareholders to support the board’s 10 nominees for the company’s board of directors.

June 19, 2013

OfficeMax has asked the state of Illinois for tax breaks to keep the company's headquarters in-state after its mergerwith Office Depot Inc. is complete, the Associated Press reported.

New York -- OfficeMax has asked the state of Illinois for tax breaks to keep the company's headquarters in-state after its mergerwith Office Depot Inc. is complete, the Associated Press reported.

The CEO of OfficeMax, Ravi Saligram, and state Sen. Tom Cullerton made their pitch Tuesday during a hearing on the state's pension crisis, the report said.

OfficeMax and Office Depot, which announced plans to merge in February, are still  trying to decide where to locate their combined headquarters.

June 11, 2013

OfficeMax Incorporated and Office Depot Inc. have hired global talent management consulting firm Korn/Ferry International to assist the search for a new CEO for the combined company that will result from the proposed OfficeMax-Office Depot merger.

Naperville, Ill. – OfficeMax Incorporated and Office Depot Inc. have hired global talent management consulting firm Korn/Ferry International to assist the search for a new CEO for the combined company that will result from the proposed OfficeMax-Office Depot merger.

The search will include both incumbent CEOs Neil Austrian of Office Depot and Ravi Saligram of OfficeMax, as well as external candidates.

May 28, 2013

Office Depot Inc. and OfficeMax Incorporated have selected The Boston Consulting Group (BCG) to provide integration support for the two companies’ pending merger.

Boca Raton, Fla. – Office Depot Inc. and OfficeMax Incorporated have selected The Boston Consulting Group (BCG) to provide integration support for the two companies’ pending merger. BCG will provide a dedicated onsite support team and work with management from both companies to establish a detailed integration plan and establish an overall vision and priorities for the merger.

May 3, 2013

An OfficeMax shareholder sued the directors of the company on Thursday, seeking to block its acquisition by Office Depot Inc., Bloomberg reported.

New York -- An OfficeMax shareholder sued the directors of the company on Thursday, seeking to block its acquisition by Office Depot Inc., Bloomberg reported. The investor called the proposed $1.2 billion all-stock deal "grossly inadequate".

"OfficeMax, if properly exposed to the market for corporate control, would bring a price materially in excess of the amount offered in the proposed transaction," the complaint filed by investor Eric Hollander said.

November 27, 2012

A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

New York -- A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

According to a Monday filing, Nardelli and Vassalluzzo will provide counsel toward improving Office Depot’s operations and strategies.

November 16, 2012

In a letter to Office Depot Inc., activist investor Starboard Value asked the office supply retailer to immediately revoke its poison pill provision on the grounds that it would limit the influence of shareholders.

Boca Raton, Fla. -- In a letter to Office Depot Inc., activist investor Starboard Value asked the office supply retailer to immediately revoke its poison pill provision on the grounds that it would limit the influence of shareholders.

Starboard, Office Depot’s largest shareholder with a 14.8% stake, wrote that it believes “the implementation of the poison pill, with a threshold just above our current ownership, is designed specifically to entrench the current board.”

 

November 6, 2012

Office Depot Inc. reported a loss of $61.9 million for the third quarter, compared with net income of $100.9 million in the same period last year.

Boca Raton, Fla. -- Office Depot Inc. reported Tuesday a loss of $61.9 million for the third quarter, compared with net income of $100.9 million in the same period last year. Results still edged analysts’ expectations.

Revenue dropped 5.1% to $2.69 billion, missing Wall Street’s expected $2.89 billion revenue mark.

Revenue for the office supply chain has fallen for the past three quarters.

 

May 1, 2012

Office Depot Inc. reported Tuesday that it swung to a profit of $41 million in the first quarter ended March 31, compared with a loss of $15 million in the same period last year.

Boca Raton, Fla. -- Office Depot Inc. reported Tuesday that it swung to a profit of $41 million in the first quarter ended March 31, compared with a loss of $15 million in the same period last year.

Sales fell 3.4% to $2.87 billion, missing Wall Street’s expected $2.89 billion in revenue. Same-store sales at the office supply retailer’s North American stores decreased 6%, and total sales for the division dropped 8% to $1.2 billion, impacted by store closures and fewer selling days.
 

March 26, 2012

Office Depot Inc. will open 13 newly remodeled locations in the Houston area on March 28.

Boca Raton, Fla. -- Office Depot Inc. will open 13 newly remodeled locations in the Houston area on March 28.

The updates stores feature more colorful signage and easy-to-navigate floor plans. The stores were redesigned based on customer feedback and shopping patterns.

Office Depot operates 1,677 stores in 60 countries, 46 of which are located in the Houston area.

February 28, 2012

Office Depot Inc. reported Monday that it swung to a profit of $12.3 million in the quarter ended Dec. 31, compared with a loss of $108.6 million in the year-ago period.

Boca Raton, Fla. -- Office Depot Inc. reported Monday that it swung to a profit of $12.3 million in the quarter ended Dec. 31, compared with a loss of $108.6 million in the year-ago period.

Revenue edged up to $2.97 billion in the quarter, from $2.96 billion last year, missing Wall Street’s expected break-even on $3 billion in sales. Same-store sales dropped 5%, due in large part to a move away from promotions to shore up profitability, said the company.

July 14, 2011

Boca Raton, Fla. — Office Depot Inc. announced Wednesday that it has appointed Kevin Peters as president, North America, a new position that combines the company’s previous North American Retail and North American Business Solutions divisions.

Peters was previously president of North American Retail.

December 15, 2008

Standard & Poor's Ratings Services said Monday it lowered its ratings on Boca Raton, Fla.-based...

October 28, 2008

Office Depot Inc. said it may close North American stores and sell some assets after...

July 24, 2008

Office Depot Inc. said Friday it will remain NASCAR's official office-products partner....

April 28, 2008

Office Depot Inc. said Tuesday its first-quarter profit dropped 55% due to North American sales...

April 22, 2008

Office Depot announced during Wednesday’s annual meeting that stockholders re-elected all 12 Office Depot board...