What is an office supplies franchise?
Trends and Facts About Office Supplies Franchises 1. Every business needs office supplies to aid in the day-to-day running of the business, though some businesses require more office supplies than others. Businesses, whether they require office supplies in small or bulk quantities, turn to office supplies franchises to meet their needs.
What does Office Depot sell?
Office Depot is one of the largest office supply companies in the United States. It sells a wide variety of products, including office supplies, promotional products, and technology products. Office Depot also offers business services, such as office design and printing, business software, and business consulting.
When did Office Depot open its first store?
The first store, located at the Lakes Mall in Lauderdale Lakes, Florida, opened in October 1986. The company announced its initial public offering of stock, and went public in December 1988. In April 1991, it merged with Office Club, which provided an expansion to the West Coast.
Why choose Office Depot&OfficeMax for office furniture?
When you need to set up a new office, turn to Office Depot & OfficeMax for help outfitting your space. We'll help you find the right office furniture from a wide array of desk collections to suit your style. You'll also find a selection of the following items: Choose lamps and lighting products that make perfect accents to your office suite.
Is Office Depot a franchise?
Office Depot has executed a successful franchise business model in other parts of the world, including the Kingdom of Saudi Arabia, the United Arab Emirates and in Kuwait.
What company owns Office Depot?
The ODP CorporationOfficeMax / Parent organizationThe ODP Corporation is an American office supply holding company headquartered in Boca Raton, Florida. The company has combined annual sales of approximately $11 billion, and employs about 38,000 associates with businesses in the United States. Wikipedia
Are OfficeMax and Office Depot owned by the same company?
On February 20, 2013, an all-stock merger between Office Depot and OfficeMax was announced. The merger was completed on November 5, 2013, creating the largest U.S. office-supplies chain. The OfficeMax name continues to serve as a brand of The ODP Corporation.
Is Office Depot a public company?
Office Depot was founded in 1986 and opened its first store in Fort Lauderdale, Florida. In late 1987, David I. Fuente assumed the post of Chairman and Chief Executive Officer of the fledging company, and took Office Depot public in 1988.
Who bought Office Depot 2022?
In November 2021, USR Parent, the parent company of Staples and a portfolio company of Sycamore Partners, reaffirmed a non-binding proposal to acquire ODP's consumer business, including the Office Depot and OfficeMax retail stores business, the company's direct channel business, officedepot.com, and Office Depot and ...
How is Office Depot doing financially?
Users can opt to see 4 periods of either annual or quarterly information. The ODP Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2,034 million compared to USD 2,070 million a year ago.
Did Office Depot get bought out?
Dive Brief: After nearly a year and a half of talks, plans and exploring its options, ODP Corp. has decided to keep itself whole and independent, according to a press release.
Is Office Depot a Fortune 500?
Was this company a 2011 top stock? N.A....Our annual ranking of America's largest corporations.Rank # of Fortune 500 CompaniesNew York502 more rows
Is Staples trying to buy Office Depot?
The parent company of Staples remains determined to acquire its chief rival. USR Parent reaffirmed its proposal to acquire the consumer business of the ODP Corp., parent of Office Depot and OfficeMax, for $1.0 billion in cash. The proposal was delivered to the company on June 4, 2021, and remains unchanged.
What happened to Office Depot business?
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.
Who is buying Office Depot 2022?
Juniper Networks, Inc.
Is Office Depot and Staples the same company?
Staples and ODP (then going by the Office Depot name) have pursued a merger in the past, only to run into rejection from the Federal Trade Commission, which took issue with combining the two largest B2B office supplies sellers.
Is Staples trying to buy Office Depot?
The parent company of Staples remains determined to acquire its chief rival. USR Parent reaffirmed its proposal to acquire the consumer business of the ODP Corp., parent of Office Depot and OfficeMax, for $1.0 billion in cash. The proposal was delivered to the company on June 4, 2021, and remains unchanged.
What company owns Staples?
Sycamore PartnersStaples / Parent organizationSycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. Wikipedia
Find a Store
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.
Office Supplies to Keep You Up and Running
Along with meeting your day-to-day needs for desktop essentials such as pens, Post-it Notes and calendars, we'll help you keep your desk neat with a selection of organizing accessories. Do you need to ship presentation material to a conference or event? Shop your local store for mailing, packing and shipping supplies.
Office Furniture to Fit Your Space and Style
When you need to set up a new office, turn to Office Depot & OfficeMax for help outfitting your space. We'll help you find the right office furniture from a wide array of desk collections to suit your style. You'll also find a selection of the following items:
Technology Products From Clocks to Drones
Our stores are ready to supply your technology needs, from wall clocks that run on double-AA batteries to drones that need a different type of battery altogether. We also carry essential office machines, including the following:
Essential Business Services
Businesses in need of print and copy services can find professional services here too. From business cards and marketing materials to posters, signs and banners, we'll give you polished materials to set your company apart. We also offer custom printing of everything from letterhead and labels to nameplates, photos, invitations and more.
Contact Office Depot & OfficeMax Today
Office Depot & OfficeMax has an office supply store near me that can help support your business efforts by providing a wide selection of essential products and services. We'll also help you save with weekly sales and a price-match guarantee that lets you shop with confidence.
When was Office Depot founded?
History. Office Depot was founded in October 1986 by F. Patrick Sher, Stephen Doughtery, and Jack Kopkin, who became the company's chairman and chief executive officer, the president, and executive vice president respectively.
Why did Office Depot close?
In May 2014, Office Depot announced the closure of four hundred stores, due to declining sales and customer migration to e-retailers. 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.
Why did Office Depot buy CompuCom?
Office Depot bought technology services firm CompuCom in 2017 to help it compete with Amazon, warning investors at the time that the acquisition would show disappointing revenue in the quarter whose earnings would be reported in May 2019. Shares dropped significantly in early April 2019 as a result.
How much did Office Depot pay for the lawsuit?
In March 2019, Office Depot and Support.com, Inc., a California-based tech support software provider, agreed to pay a total of $35 million to settle Federal Trade Commission allegations that the companies tricked customers into buying millions of dollars' worth of computer repair and technical services by deceptively claiming their software had found malware symptoms on the customers' computers.
What is ODP company?
CompuCom. Website. officedepot .com. The ODP Corporation is an American office supply retailing company headquartered in Boca Raton, Florida. The company has combined annual sales of approximately $11 billion, and employs about 38,000 associates with businesses in the United States.
When did the FTC stop the merger?
However, the Federal Trade Commission voted to block the merger in December 2015. The United States District Court for the District of Columbia granted the FTC a preliminary injunction against the merger on May 10, 2016, resulting in the proposed merger's termination.
When did Office Depot merge with Office Club?
In April 1991, it merged with Office Club, which provided an expansion to the West Coast. In 1995, Office Depot entered the Mexican marketplace in a joint venture with Grupo Gigante, making it the retailer's first international expansion. Office Depot then entered the European and Australian direct mail market, after acquiring Viking Direct in May 1998.
What are the trends in office supplies franchises?
1. Every business needs office supplies to aid in the day-to-day running of the business, though some businesses require more office supplies than others. Businesses, whether they require office supplies in small or bulk quantities, turn to office supplies franchises to meet their needs.
How much is the office supply industry worth in 2020?
By 2020, the office supply and stationary store sector is projected to be valued at $15,834 billion, according to data compiled by the United States Census Bureau. The total retail sales for the office and school supplies industry in 2016 was valued at $12.1 billion. 4.
Why do businesses need office supplies?
1. Every business needs office supplies to aid in the day-to-day running of the business , though some businesses require more office supplies than others. Businesses, whether they require office supplies in small or bulk quantities, turn to office supplies franchises to meet their needs.
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Overview
The ODP Corporation is an American office supply holding company headquartered in Boca Raton, Florida. The company has combined annual sales of approximately $11 billion, and employs about 38,000 associates with businesses in the United States. The company operates 1,400 retail stores, e-commerce sites and a business-to-business sales organization.
History
Office Depot was founded in October 1986 (36 years ago) by F. Patrick Sher, Stephen Doughtery, and Jack Kopkin, who became the company's chairman and chief executive officer, the president, and executive vice president respectively.
All three were formerly associated with Mr. HOW Warehouse, a home improvement company that Sher sold to Service Merchandise in 1983. The firs…
Sponsorships
In January 2005, Office Depot became a partner of NASCAR, with the title "Official Office Products Partner of NASCAR". In the same year, the company signed on as the primary sponsor of the #99 Ford Fusion, owned by Roush Fenway Racing and previously driven by Carl Edwards. They sponsored Edwards until the end of the 2008 NASCAR Sprint Cup Series season.
In December 2008, Office Depot announced that it would become the co primary sponsor for To…
FTC settlement
In March 2019, Office Depot and Support.com, Inc., a California-based tech support software provider, agreed to pay a total of $35 million to settle Federal Trade Commission allegations that the companies tricked customers into buying millions of dollars' worth of computer repair and technical services by deceptively claiming their software had found malware symptoms on the customers' computers.
Gallery
• An Office Depot store in Markham, Ontario. Due to continued profitability issues, this store began a liquidation sale in 2011 and was closed several days later.
• Office Depot location in Torrance, California (now closed)
See also
• Staples Inc.
• OfficeMax
External links
• Official website