Around the Net
Office Depot Closing 400 Stores
- Chain Store Age, Thursday, May 8, 2014 8 AM
Office Depot will shutter 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. There are many locations where the two brands have stores in close proximity to one another. The retailer, which reported better-than-expected first quarter results amid cost cutting, said the stores will be closed by 2016.
