Office Outlet: latest news, analysis and trading updates (2024)

FAQs

Is Office Outlet still trading? ›

The winding down of the Office Outlet office supplies retail business has been confirmed by its joint administrators from Deloitte. The winding down of the Office Outlet office supplies retail business has been confirmed by its joint administrators from Deloitte.

Can Office Outlet succeed where Staples failed? HMV-owner Hilco acquired Staples' UK business for a nominal sum last November, and has since rebranded the office supplies retailer Office Outlet.

*Staples US sold the UK branch to a seperate company 2 years before it ended, but from a day to day and company operations point of view, everything stayed the same.

While outlet stores used to sell overstock or past-season items at discount prices, today's outlets instead mostly sell products made or bought specifically for the outlet—with the designers and vendors creating familiar-looking items at a lower cost and quality.

1996

The Outlet Company / Ceased operations

Powering the future of work, Office Outlet is a specialist online retailer for home, office and educational supplies. With over 5,000 products, Office Outlet sells everything from print to furniture and technology, as well as the broad categories of office supplies, fulfilment, catering and premises.

As a 100% employee and locally owned organization, our store representatives have a vested interest in providing top-notch service and expertise to our customers. Home Outlet operates 106 locations in 20 states from upstate New York to Florida to South Texas, and continues to grow.

The ODP Corporation

Office Depot / Parent organization

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.

Staples is in business with businesses and is passionate about helping businesses work better. However, in recent years, their total sales revenue has declined sharply. In 2020, Staples had sales of approximately 8.67 billion U.S. dollars, a sharp decline from 2011, when they had sales of 24.7 billion U.S. dollars.

Did Staples merge with another company? ›

Office Depot, which is still working through the closures of hundreds of redundant stores from its OfficeMax merger, has about 1,900 U.S stores, while Staples has about 1,300. The brands will eventually be combined under the Staples name.

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.

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.

factory outlet in Retail

Factory outlets are owned and operated by manufacturers and normally carry the manufacturers' surplus, discontinued, or irregular goods. The knitwear company has a factory outlet in addition to selling to high-end clothing retailers around the world.