Advertisement

Office Depot to close at least 400 US stores

<p>This Nov. 1, 2013 file photo shows the exterior of an <a id=Office Max store in Chicago.Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated. The office supply retailer had 1,900 stores in the U.S. at the end of the first quarter, so the plans call for closing about 21 percent of them. Office Depot and OfficeMax Inc. completed their $1.2 billion deal last November. / AP Photo | Charles Rex Arbogast, File

" class="article-img" />

This Nov. 1, 2013 file photo shows the exterior of an Office Max store in Chicago.Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated. The office supply retailer had 1,900 stores in the U.S. at the end of the first quarter, so the plans call for closing about 21 percent of them. Office Depot and OfficeMax Inc. completed their $1.2 billion deal last November. / AP Photo | Charles Rex Arbogast, File

Office Depot has not yet said how many jobs will be lost, but the recently merged company plans to close many retail locations around the country. The Associated Press reports: 

BOCA RATON, Fla. (AP) — Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated.

The office supply retailer had 1,900 stores in the U.S. at the end of the first quarter, so the plans call for closing about 21 percent of them. Office Depot and OfficeMax Inc. completed their $1.2 billion deal last November.

[For full story continue to the Associated Press]

0 Comments

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
  • Advertisement
  • Advertisement
  • Advertisement
  • Advertisement
  • Advertisement
  • Advertisement
Advertisement

Modal