Content about Office Depot

September 10, 2014

Jeffrey Smith, CEO of investment firm Starboard Value LLP, has resigned from Office Depot’s board of directors, effective immediately.

Boca Raton, Fla. - Jeffrey Smith, CEO of investment firm Starboard Value LLP, has resigned from Office Depot’s board of directors, effective immediately. The nominating and governance committee will commence a search for a replacement.

Smith, who joined the board in August 2013 to help Office Depot smoothly transition to a new combined company with OfficeMax and find a new CEO, said he is leaving because he is satisfied that Office Depot has reached both goals.

September 10, 2014

Jeffrey Smith, CEO of investment firm Starboard Value LLP, has resigned from Office Depot’s board of directors, effective immediately.

Boca Raton, Fla. - Jeffrey Smith, CEO of investment firm Starboard Value LLP, has resigned from Office Depot’s board of directors, effective immediately. The nominating and governance committee will commence a search for a replacement.

Smith, who joined the board in August 2013 to help Office Depot smoothly transition to a new combined company with OfficeMax and find a new CEO, said he is leaving because he is satisfied that Office Depot has reached both goals.

September 3, 2014

Keith Sherwell, who served as CIO of Sears Holding Corp from March 2010 to June 2013, has been named CIO of the Office Depot international division, effective Sept. 15.

Boca Raton, Fla. – Keith Sherwell, who served as CIO of Sears Holding Corp from March 2010 to June 2013, has been named CIO of the Office Depot international division, effective Sept. 15. Sherwell advised the board of OfficeMax during merger negotiations with Office Depot, and has served as a technology integration consultant to Office Depot since the completion of the merger in November 2013.

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.

September 2, 2014

A Credit Suisse analyst is reportedly recommending that Staples and Office Depot, itself recently merged with Office Max, merge.

New York – A Credit Suisse analyst is reportedly recommending that Staples and Office Depot, itself recently merged with Office Max, merge. According to Investors Business Daily, Credit Suisse analyst Gary Balter made the suggestion in a note sent to clients on Tuesday, Sept. 2.

August 7, 2014

Teradata, the analytic data platforms, marketing applications, and services company, announced that it is working with Office Depot to expand the retailer’s enterprise data warehouse (EDW) with the very latest Teradata platforms and innovation.

Atlanta -- Teradata, the analytic data platforms, marketing applications, and services company, announced that it is working with Office Depot to expand the retailer’s enterprise data warehouse (EDW) with the very latest Teradata platforms and innovation. The new Teradata Active EDW can support the most demanding real-time workloads, with the ability for unlimited concurrent users to run queries against massive data volumes.

August 5, 2014

Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated.

Boca Raton, Fla. – Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated. As previously announced, Office Depot plans to close at least 400 stores by the end of 2016, with about 165 closures in 2014.

August 5, 2014

Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated.

Boca Raton, Fla. – Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated. As previously announced, Office Depot plans to close at least 400 stores by the end of 2016, with about 165 closures in 2014.

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.

May 19, 2014

Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores.

Boca Raton, Fla. - Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores. The move marks the first advertisement where Office Depot and OfficeMax customers will see the two national brands together as one.

The insert also features tips on additional ways customers can shop via website, mobile app or via phone.

May 19, 2014

Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores.

Boca Raton, Fla. - Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores. The move marks the first advertisement where Office Depot and OfficeMax customers will see the two national brands together as one.

The insert also features tips on additional ways customers can shop via website, mobile app or via phone.

May 6, 2014

Office Depot will close at least 400 U.S. stores during the next two years as part of its plan to consolidate operations after its acquisition of OfficeMax last November.

Boca Raton, Fla. -- Office Depot will close at least 400 U.S. stores during the next two years as part of its plan to consolidate operations after its acquisition of OfficeMax last November. The closings were not unexpected since there are many locations where the two brands have stores in close proximity to one another. The retailer also raised its full-year adjusted operating income forecast after reporting better-than-expected first quarter results amid cost cutting efforts.

May 6, 2014

Office Depot will close at least 400 U.S. stores during the next two years as part of its plan to consolidate operations after its acquisition of OfficeMax last November.

Boca Raton, Fla. -- Office Depot will close at least 400 U.S. stores during the next two years as part of its plan to consolidate operations after its acquisition of OfficeMax last November. The closings were not unexpected since there are many locations where the two brands have stores in close proximity to one another. The retailer also raised its full-year adjusted operating income forecast after reporting better-than-expected first quarter results amid cost cutting efforts.

May 2, 2014

When building an urban store, be prepared for anything, and make friends with your local Economic Development Corp. early, said retailers and a developer at the “Setting Up Shop Downtown” session.

It’s critical to get the local community on board and solicit their comments early, advised Terry Pratt, senior tenant coordinator of Philadelphia-based PREIT, particularly regarding lighting and signage.

May 2, 2014

When building an urban store, be prepared for anything, and make friends with your local Economic Development Corp. early, said retailers and a developer at the “Setting Up Shop Downtown” session.

It’s critical to get the local community on board and solicit their comments early, advised Terry Pratt, senior tenant coordinator of Philadelphia-based PREIT, particularly regarding lighting and signage.

April 30, 2014

As consumers busy themselves with spring gardening and plans for summer travel, their favorite retailers are already planning for back-to-school and the 2014 holiday season.

By Mike Gregory, Kurt Salmon

As consumers busy themselves with spring gardening and plans for summer travel, their favorite retailers are already planning for back-to-school and the 2014 holiday season. And after delivery delays during holiday 2013 left many customers fuming, a core issue for retailers is how to optimize their peak-season order fulfillment and related customer service.

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 16, 2014

Office Depot has won an Internet Advertising Competition Award (IAC) for “Best Retail Social Media Campaign” from the Web Marketing Association.

Boca Raton, Fla. – Office Depot has won an Internet Advertising Competition Award (IAC) for “Best Retail Social Media Campaign” from the Web Marketing Association. The award recognizes Office Depot’s digital campaign supporting back-to-school with Office Depot’s “#Together Against Bullying” collaboration with the band One Direction.

April 16, 2014

Office Depot has won an Internet Advertising Competition Award (IAC) for “Best Retail Social Media Campaign” from the Web Marketing Association.

Boca Raton, Fla. – Office Depot has won an Internet Advertising Competition Award (IAC) for “Best Retail Social Media Campaign” from the Web Marketing Association. The award recognizes Office Depot’s digital campaign supporting back-to-school with Office Depot’s “#Together Against Bullying” collaboration with the band One Direction.

April 3, 2014

Office Depot has appointed Troy Rice as executive VP of retail, effective April 14.

Boca Raton, Fla. -- Office Depot has appointed Troy Rice as executive VP of retail, effective April 14. Rice, who replaces Juan Guerrero, will also serve as a member of Office Depot’s leadership team and report directly to chairman and CEO Roland Smith.
 

April 3, 2014

Office Depot has appointed Troy Rice as executive VP of retail, effective April 14.

Boca Raton, Fla. -- Office Depot has appointed Troy Rice as executive VP of retail, effective April 14. Rice, who replaces Juan Guerrero, will also serve as a member of Office Depot’s leadership team and report directly to chairman and CEO Roland Smith.
 

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.

January 20, 2014

Mexico's Grupo Gigante expects to raise up to 4.954 billion pesos ($374.14 million) in its initial public offering of Office Depot de Mexico shares, Reuters reported.

New York -- Mexico's Grupo Gigante expects to raise up to 4.954 billion pesos ($374.14 million) in its initial public offering of Office Depot de Mexico shares, Reuters reported.

The company plans to sell up to 291 million shares, local filings revealed.

The listing is provisionally set to price on Feb. 5, the report said.

In June, Grupo Gigante, acquired the 50% stake in the office supplies chain that it did not already own.
 

January 16, 2014

Office Depot has named Michael A. Steele as VP, investor relations, effective immediately. Steele reports to Stephen E. Hare, executive VP and CFO.

Boca Raton, Fla. – Office Depot has named Michael A. Steele as VP, investor relations, effective immediately. Steele reports to Stephen E. Hare, executive VP and CFO.

Steele will develop and execute Office Depot’s investor relations strategy, serving as the primary interface for management with the financial community. He plans to relocate to the Office Depot corporate headquarters in Boca Raton in the coming months.