Office Depot

Office Depot has rejected another takeover attempt by office supply rival Staples, according to a letter sent Tuesday by a company executive, reports CNBC. In the letter, the chairman of the board for the parent company of Office Depot, ODP, said it would be open to another deal that draws less scrutiny from antitrust regulators.…

Staples on Monday sent a bid to Office Depot's board of directors with an offer to acquire the rival office supplies company for $40 per share, or $2.1 billion, reports South Florida SunSentinel. Staples, which is now a privately held company controlled by the private equity group Sycamore Partners, threatened to start buying shares in…

In episode 235 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Kevin Moffitt, chief retail officer at Office Depot. Listen in as Moffitt discusses Office Depot’s transformation from a B-to-C office supplies retailer to a business services platform, why the brand is making this transition, and how the brand's history plays into that decision. Moffitt shares…

Office Depot announced the launch of BizBox, its new business services platform that will provide startups and small businesses access to the core services needed to start and grow their businesses through a convenient subscription. Monthly services start at $99. BizBox will simplify business decisions and operations for SMBs, and builds upon Office Depot’s previously announced acquisition…

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 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 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 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 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…

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…