Office Depot

Office Depot Acquires IT Provider CompuCom for $1B
October 4, 2017 at 11:45 am

Office Depot said Tuesday it has agreed to acquire CompuCom, an IT provider for small to midsized businesses. The move gives 8 percent of Office Depot’s shares to Boston-based private equity firm Thomas H. Lee Partners. CompuCom, which is headquartered in Texas, has about $1.1 billion in annual sales. Office Depot will acquire CompuCom from Thomas H.…

Office Depot Launches Same-Day Delivery in 3 Markets
August 8, 2017 at 11:01 am

Office Depot will begin offering same-day delivery service just in time for back-to-school students and professionals alike. The office supplies retailer is partnering with Deliv, a crowdsourced, same-day delivery startup, to provide the shopping option. The service will roll out in three markets, including Atlanta and Los Angeles on Aug. 28, and in the Fort Lauderdale/Miami area…

Office Depot to Sell European Business
September 26, 2016 at 10:44 am

Office Depot agreed to sell its European business to the Aurelius Group, helping sharpen its focus on the North American market after its failed merger with Staples. The deal will be structured as an equity sale for “nominal consideration,” Boca Raton, Florida-based Office Depot said Friday in a statement. The European unit has annual revenue of…

Office Depot CEO to Retire
August 22, 2016 at 9:46 am

Office Depot announced CEO Roland Smith will retire when a new top executive is named, expected by the first quarter of 2017. The announcement follows the retirement of Staples CEO Ron Sargent following the failed merger of the office supply retailers in May. Smith, 61, said during a conference call Monday morning that he wants to pursue his…

Office Depot to Close 300 More Stores
August 4, 2016 at 10:25 am

Office Depot announced it will need to close 300 more locations to put itself in a better position as a stand-alone company. The office supplies retailer closed 42 stores in the second quarter of this year as part of an earlier plan to close 400 locations. The newly announced closing of 300 stores is in…

Office Depot Transforming the B-to-B Online Shopping Experience
May 27, 2016 at 8:59 am

The vast majority of Office Depot's business in Europe — upwards of 90 percent — comes from B-to-B customers. The office supplies retailer is working to ensure those business customers, whose needs differ from consumers, are getting the best experience possible (i.e., fastest and easiest) when shopping on its website. In this interview from the Monetate Summit…

Staples, Office Depot Scrap Merger After Judge Blocks Deal
May 11, 2016 at 11:11 am

Staples and Office Depot said Tuesday they're scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies. The Federal Trade Commission had sought to block the merger of the last two national office-supply chains. It contended…

Staples-Office Depot Merger in Hands of Judge
April 21, 2016 at 11:54 am

The U.S. lawsuit to block Staples Inc. from buying Office Depot Inc. now rests with a judge who's undercut the government's case throughout the trial. During final arguments Tuesday by the companies and the Federal Trade Commission, District Judge Emmet Sullivan needled the government about why its economic expert completed his analysis about the scope of…

Staples Closing in on Office Depot Deal
March 29, 2016 at 10:43 am

Staples could be on the brink of winning its case against the Federal Trade Commission, possibly clearing the way for it to acquire Office Depot, sources told The Post. The judge overseeing the FTC suit against the office supply chain said he will entertain a motion from Staples’ legal team to dismiss the case once…

Amazon Exec Weighs in on Proposed Staples-Office Depot Merger
March 23, 2016 at 11:07 am

An executive with Amazon.com Inc's unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator's wariness over a potential merger of Staples Inc and Office Depot Inc. The U.S. Federal Trade Commission filed a lawsuit last year to block the proposed $6.3 billion acquisition of Office Depot by…