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Media Relations

 

   

@OfficeDepot

Press Releases - Corporate/Financial

  • 8/3/16 6:50 am EDT

    Announces Debt Retirement, Initiation of Quarterly Dividend, Expanded Share Repurchase Plan

    Identifies Initiatives for Future Growth

    Expands U.S. Retail Optimization and Store of the Future Plan

    Launches $250 Million Cost Savings Program

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, today announced results for the second quarter ended June 25, 2016. “We are making good progress rebuilding our sales pipeline and moving our overall business forward, despite the disruption of the prolonged Staples acquisition attempt,” said Roland Smith, chairman and chief executive officer formore...
  • 8/1/16 8:30 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, today announced that Kristin Campbell has been appointed to its Board of Directors. Additionally, Campbell will serve on the Audit Committee. “We are excited to welcome Kristin to our board. Her executive leadership experience, including nearly two decades in the office products industry, bringsmore...
  • 7/20/16 4:30 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, will announce fiscal second quarter 2016 results before market open on Wednesday, August 3, 2016. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit the Office Depot Investor Relations website at investor.officedepot.com. A replaymore...
  • 6/15/16 9:00 am EDT

    33 Percent Increase from 2015 in Seasonal Hires

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ:ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, today announced plans to hire 8,000 seasonal and regular retail associates during its busy back-to-school season. The seasonal associates help support the increased customer traffic from parents, students and teachers shopping for all of their school supply needs. Office Depot is gearingmore...
  • 5/31/16 8:00 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors has authorized a stock repurchase program of up to $100 million of its outstanding common stock. The stock repurchase authorization, which is effective immediately, permits the company to repurchase stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchasemore...
  • 5/16/16 4:30 pm EDT

    Will Receive $250 Million Termination Fee from Staples

    Executes $1.2 Billion Five-Year Extension to its Credit Facility

    Finalizing Comprehensive Business Review

    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today announced that the merger agreement between Staples, Inc. (NASDAQ: SPLS) and Office Depot has been terminated. As a result, Office Depot will receive a cash payment from Staples of $250 million on May 19, 2016. Simultaneously, Office Depot announced that it has successfully extended its asset-based credit facility for an additional five years. The new $1.2 billion facility will mature on May 13,more...
  • 5/10/16 7:03 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP) today issued the following statement from Chairman and Chief Executive Officer Roland Smith after the U.S. District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction to block the proposed merger of Staples, Inc. (NASDAQ: SPLS) and Office Depot. Smith commented: “While we are respectful of the Court’s decision to grant the FTC’smore...
  • 4/26/16 6:50 am EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (“Office Depot”, or the “Company”) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples, Inc. (“Staples”), today announced results for the first quarter ended March 26, 2016. “The protracted regulatory review of the pending Staples acquisition continues to have a substantial disruptive impact on ourmore...
  • 4/19/16 5:03 pm EDT
    BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples Inc., will announce first quarter 2016 results for the fiscal period ending March 26, 2016, before market open on Tuesday, April 26, 2016. The company does not plan to host an earnings conference call. About Office Depot, Inc.more...
  • 3/18/16 8:04 am EDT
    FRAMINGHAM, Mass. and BOCA RATON, Fla. (March 18, 2016) – Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) issued the following open letter to customers:To Our Valued Customers,On Monday, Staples and Office Depot begin our hearing in U.S District Court as we fight to merge the two companies.Our commitment to this merger has not changed. The transaction is good for customers of all sizes. The combined company will be positioned to better serve the changing needs ofmore...