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News Breaks | | | | February 21, 2013 | | 06:28 EDT |  | ODP | Office Depot downgraded to Neutral from Buy at Janney Capital
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News For ODP From The Last 14 Days Check below for free stories on ODP the last two weeks. |
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| May 9, 2013 | | 06:02 EDT |  | ODP | Acacia Research subsidiary enters into license agreement with Office Depot
 Subscribe for More Information | | | May 7, 2013 | | 10:58 EDT | | ODP | OfficeMax sees sales declines at less negative rate than in Q1 for rest of year
Says sales weakness that experienced in late 2012 deepened more than expected in Q1. Sees cost synergy opportunity of $400M-$600M by the third year following close of Office Depot (ODP) transaction. Says will continue to make investments in e-commerce platform. Sees sales declines continuing through the year, but at less negative rate than in Q1. Says expects to close a total of 15-20 stores this year, along with selective relocations and downsizes. Says will introduce smaller format store in 2013 in Milwaukee and Portland as pilot program, says new format stores geared specifically towards small business customers. Comments made on the Q1 earnings conference call. | |
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