retail store portfolio optimization

Office Depot Plans To Close 400 Stores By The End Of 2016

Office Depot Plans To Close 400 Stores By The End Of 2016

Office Depot and Staples are the country’s two largest remaining big-box office supplies chains, and earlier this year, Staples proposed to to acquire Office Depot. While the two companies wait for the Federal Trade Commission to bless the marriage or call off the engagement, Office Depot has announced plans to speed up its store closings, with a goal of shuttering 400 stores by the end of 2016. [More]