Office Depot in Palm Springs, CA - Localmint (2024)

FAQs

What happened with Office Depot? ›

Pending regulatory approval, Staples is prepping to become the only office-supply retail game in town after announcing its intent on Wednesday to swallow up Office Depot, which about a year ago completed its own acquisition of yet a third sector name, OfficeMax.

OfficeMax is an American office supplies retailer founded in 1988. As an independent chain, it was the third-largest office supply retailer in the United States. Following a 2013 merger, it is currently a brand and subsidiary of Office Depot.

On February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot, in a cash and stock deal worth approximately $6.3 billion. However, the Federal Trade Commission voted to block the merger in December 2015.

Staples has a market capitalization of approximately $11 billion, while Office Depot, which tied up with OfficeMax in November 2013, has a market capitalization of about $4 billion. The two companies began talking about a buyout in September, they said Wednesday.

Office Depot and Home Depot are operated by different companies.

D. Anthony Scaglione will leave his CFO role at ODP, Office Depot's owner, amid sales struggles across electronics and office supplies for the retail chain. On the heels of a Q2 earnings report for Office Depot parent company The ODP Corporation, its chief financial officer (CFO) announced plans to step aside.

Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, the company offers its customers the tools and resources they need to focus on their passion of starting, growing and running their business.

How do I return an order? Return items to any Office Depot® or OfficeMax® store or using the self-service option in the mobile app. How can I cancel my In-Store and Curbside Pickup order? Simply call your pickup store and they will assist you with canceling the order.

At Office Depot & OfficeMax, we have everything you need to keep your business moving in the right direction, from everyday office supplies to computer equipment, furniture and more.

ODP, the parent company of Office Depot, is continuing its transition from dependence on its traditional commercial business and looking more and more like a B2B product and service provider based on its first fiscal quarter 2023 results.

Where is the headquarters for Office Depot? ›

Boca Raton, FL

Office Depot / Headquarters

In May 2017, the chain began a new advertising campaign with the slogan "It's Pro Time", which largely downplayed its retail operations. In 2017, Sycamore Partners acquired Staples for $6.9 billion, of which $1.6 billion was funded as equity, with the remaining deal value raised as debt.

Our Price Match Guarantee

Office Depot® and OfficeMax® stores and Officedepot.com will gladly match the price on a new identical item sold by any retailer who sells products in both retail stores and online under the same brand name.

Citing a lack of clarity from Staples, ODP Corp. also emphasized that its B2B business is not on the offer table. Five days after Staples made its latest acquisition pitch to ODP Corp.

Office Depot Decides to Remain One Company and Decline Acquisition Offers. The ODP Corporation has declined to split up its Office Depot and OfficeMax businesses or to pursue a sale, following a review of both public and private non-binding proposals.

Office Depot's net sales dropped 12% year over year in Q2, amid lower demand and online sales, as well as store closures. In its just-released Q2 earnings, Office Depot's owner the ODP Corporation posted a net sales drop of 10% from the same period last year. It cited a challenging macroeconomic environment.