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Office Depot, Inc. is an American office supply retailing company headquartered in Boca Raton, Florida, United States. The company has combined annual sales of approximately $14 billion and employs about 66,000 associates with businesses in 59 countries. The company operates 2,200 retail stores, e-commerce sites and a business-to-business sales organization. The company’s portfolio of brands includes Office Depot, OfficeMax, Grand & Toy, Viking Direct, Ativa, TUL, Foray, Realspace, and DiVOGA.[2]

Contents

1 History

1.1 Other events and milestones

2 Environmental programs

2.1 Buying Green 2.2 Being Green 2.3 Selling Green

3 Sponsorships 4 See also 5 References 6 External links

History[edit]

An Office Depot
Office Depot
store in Thornhill, Ontario. Due to continued profitability issues, this store began a liquidation sale in 2011 and was closed several days later.

Office Depot
Office Depot
location in Torrance, California

Office Depot’s "Green" store in Austin, Texas

Office Depot’s first (now closed) LEED CI store in Austin, Texas

Office Depot
Office Depot
store located in North Lauderdale, Florida

Office Depot
Office Depot
was founded in October 1986 by F. Patrick Sher, the former chairman and chief executive officer; Stephen Dougherty, the president; and Jack Kopkin, the executive vice president. All three were formerly associated with Mr. HOW Warehouse, a home improvement company that Sher sold to Service Merchandise
Service Merchandise
in 1983. The company opened its first store at Lakes Mall in Lauderdale Lakes, Florida
Lauderdale Lakes, Florida
in October 1986.[3] On February 20, 2013, it was announced that Office Depot
Office Depot
and OfficeMax would combine in an all-stock deal, pending regulatory approval and stockholder approval.[4] On November 5, 2013, the merger was completed.[5] On February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot
Office Depot
in a cash and stock deal worth approximately $6.3 billion. However, in December 2015, the Federal Trade Commission voted to block the merger.[6] On May 10, 2016, the United States District Court for the District of Columbia granted the FTC a preliminary injunction against the merger. After the ruling, Office Depot and Staples announced termination of their proposed merger.[7] Other events and milestones[edit] This is a list of related events and milestones:

1988 – Initial public offering of stock.[8][9] 1991 – Expands to the West Coast of the United States
United States
by merging with Office Club.[10] 1992 – Increases operations in North America by acquiring The Great Canadian Office Supplies Warehouse Chain. 1993 – Enters contract stationer business by acquiring Wilson Stationery
Stationery
& Printing Company and Eastman Office Products Corporation.[11] 1998 – Enters European and Australian direct mail operations by acquiring Viking Direct 2001 – Acquires 4sure.com.[12] 2002 – Begins Viking Direct catalog/direct mail operations in Switzerland, Spain and Portugal; expands into Central America with new retail stores in El Salvador, Guatemala, and Costa Rica through a joint licensing agreement.[13] 2003 – Doubles European business with acquisition of Guilbert, S.A.;[14] becomes the first office supply superstore to offer fully functional and comprehensive Spanish website. 2004

Introduces “ Green
Green
Book” catalog of environmentally preferable products,[15] as well as the first free, nationwide in-store electronics recycling program and free, in-store cell phone and rechargeable battery recycling program in all stores in the U.S. and Canada.[16][17]

2005

Names Steve Odland Chairman and Chief Executive Officer[18]

2013 – OfficeMax
OfficeMax
begins negotiations with Office Depot
Office Depot
to engage in a "merger of equals".[4] 2014

Announced that it will close 400 stores due to declining sales and customer migration to e-retailers.[19] Office Depot
Office Depot
and OfficeMax
OfficeMax
merged and started combining.[20]

2015 – The Federal Trade Commission
Federal Trade Commission
voted to block the merger with Staples.[21] 2017 – Gerry Smith was named as chief executive officer (CEO), effective February 27. Smith succeeded former Chief Executive Roland Smith, who announced his plan to retire in August 2016. Smith was the chief operating officer at the technology company Lenovo Group.[22][23]

Environmental programs[edit] Office Depot
Office Depot
has structured its environmental strategy around three concepts: Buying Green, Being Green, and Selling Green.[24] Initiatives supporting this strategy include the following below: Buying Green[edit]

By investing more than $20 million in energy efficiency initiatives in 2005, Office Depot
Office Depot
reduced its electricity and absolute carbon-dioxide emissions from North American facilities by over 10% in 2006.[25]

Office Depot
Office Depot
storefront in East Palo Alto, California

Being Green[edit]

In 2008, Office Depot
Office Depot
created a dedicated brand of green office products: Office Depot
Office Depot
Green,[26] and built the world’s first Leadership in Energy and Environmental Design
Leadership in Energy and Environmental Design
(LEED) certified retail store prototype in Austin, TX. The store obtained LEED Gold certification from the US Green
Green
Building Council (USGBC).[27] That same year, Office Depot
Office Depot
won the BSI British Standards award for Innovation. These awards are open to any UK organization certified to ISO 14001, which is the world’s only international environmental management system standard.[28] In Europe, Office Depot’s UK Headquarters is a green building, having achieved a BREEAM “Very Good” Rating.[29] In 2010, Office Depot's Headquarters in Boca Raton, FL was awarded LEED Gold certification from the US Green
Green
Building Council for Existing Buildings: Operations and Maintenance.[30]

Selling Green[edit]

Office Depot
Office Depot
offers more than 6,500 products with environmental attributes and certifications.[31] Office Depot
Office Depot
offers numerous green solutions for its customers, including The Green
Green
Book, Greener Office website,[32] Ink and Toner Cartridge Recycling Program and a Tech Recycling Service.[31]

Sponsorships[edit] In 2005, Office Depot
Office Depot
became a partner of NASCAR, with the title “Official Office Products Partner of NASCAR”.[33][34] In the same year, Office Depot
Office Depot
signed on as the primary sponsor of the #99 Ford Fusion, owned by Roush Fenway Racing
Roush Fenway Racing
and previously driven by Carl Edwards. They sponsored Edwards until the end of the 2008 NASCAR Sprint Cup Series season. In 2008, Office Depot
Office Depot
announced that it would become the co-primary sponsor for Tony Stewart
Tony Stewart
and the No. 14 Chevrolet
Chevrolet
at Stewart-Haas Racing in 2009.[35] In September 2012, Office Depot
Office Depot
announced it would not renew sponsorship with Tony Stewart
Tony Stewart
or Stewart-Haas Racing.[36] In 2012, Office Depot
Office Depot
partnered with the Born This Way Foundation, which was started by Lady Gaga
Lady Gaga
to sell limited edition office supplies and give 25% (1/4) of the money earned to the organization.[37][38] See also[edit]

Stationery Viking Direct Staples Inc. Quill Corporation

References[edit]

^ a b c d e f g "Office Depot, Inc. 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 2018.  ^ Reyes, Robin (17 March 2016). " Office Depot
Office Depot
Adds More Than 4% – Amazon Eyeing Office Depot's Corporate Business, Which Could Help Clear Staples Merger". Sonoran Weekly Review. Retrieved 17 March 2016.  ^ Gale, Kevin. "1986 Flashback: The birth of Office Depot
Office Depot
in Lauderdale Lakes Mall". Sun-Sentinel.com. Retrieved 2017-04-10.  ^ a b "Office Depot, OfficeMax
OfficeMax
to Merge to Compete With Staples". Bloomberg. Retrieved 20 February 2013.  ^ Dhanya Skariachan (5 November 2013). " Office Depot
Office Depot
closes deal to buy OfficeMax". Reuters.  ^ Kosman, Josh. "FTC votes to block Staples merger with Office Depot". New York Post. Retrieved 8 December 2015.  ^ Bartz, Diane. "Staples, Office Depot
Office Depot
scrap merger deal after judge rules for FTC". Reuters. Retrieved 10 May 2016.  ^ "BRIEFS". The New York Times. 1988-12-15. ISSN 0362-4331. Retrieved 2017-03-07.  ^ Cheng, Evelyn (2016-05-11). "Dow closes down more than 200 points; retail plunges, posts worst day since 2011". CNBC. Retrieved 2017-03-07.  ^ "Office Club merger into Office Depot
Office Depot
completed". UPI. Retrieved 2017-03-07.  ^ "Diversified dollars: 7 corporate programs". CNN.  ^ " Office Depot
Office Depot
to acquire Computers4Sure.com and Solutions4Sure.com". Internet Retailer. July 9, 2001. Archived from the original on May 16, 2009. Retrieved 7 January 2018.  ^ " Viking Direct Enters Spanish E-Commerce and Catalog Market". DMN. 2001-12-13. Retrieved 2018-03-08.  ^ " Office Depot
Office Depot
Max - Investor Relations - Press Releases: Press Release". investor.officedepot.com. Retrieved 2017-02-28.  ^ Phenicie, Carolyn (2007-10-03). "Corporate America Goes Green". Forbes. Retrieved 2017-01-30.  ^ Editors, GreenBiz (2004-12-22). " Office Depot
Office Depot
Joins Free Cell Phone and Rechargeable Battery Recycling Program". GreenBiz. Retrieved 2017-01-30.  ^ "Office DepotMax Press Releases: Press Release". investor.officedepot.com. Retrieved 2017-01-30.  ^ "Steve Odland - Executive Profile and Biography". BusinessWeek.  ^ " Office Depot
Office Depot
to close 400 US stores, posts loss". CNBC. 2014-05-06. Retrieved 2014-05-06.  ^ " Office Depot
Office Depot
and OfficeMax
OfficeMax
Complete Merger". news.officedepot.com/. Retrieved 6 November 2014.  ^ Kosman, Josh. "FTC has no interest in allowing Staples' acquisition of Office Depot/". New York Post. Retrieved 14 January 2016.  ^ Kilgore, Tomi. " Office Depot
Office Depot
names Gerry Smith as new CEO". MarketWatch. Retrieved 2017-01-30.  ^ Pounds, Marcia Heroux. " Office Depot
Office Depot
names Lenovo
Lenovo
executive Gerry Smith new CEO". Sun-Sentinel.com. Retrieved 2017-01-30.  ^ "Committed to Increasingly Buy Green, Be Green
Green
and Sell Green". officedepot.cc. Archived from the original on July 6, 2011. Retrieved 7 January 2018.  ^ "Taking Care of (Green) Business: Office Depot's Environmental Initiatives Now Include a Nationwide Spec of the XLERATOR® Hand Dryer".  ^ Nastu, Paul (April 8, 2008). " Office Depot
Office Depot
Launches Green
Green
Product Line". Environmental Leader. Retrieved 7 January 2018.  ^ " Office Depot
Office Depot
receives LEED Gold Certification". Green
Green
Momentum. January 19, 2009. Archived from the original on January 26, 2009. Retrieved 7 January 2018.  ^ BRI Group (June 5, 2008). "BSI British Standards recognizes environment champions in ISO 14001 Awards". BSI Newsroom. Archived from the original (Media release) on October 13, 2008. Retrieved 7 January 2018. Overall prize for Innovation: Office Depot  ^ " Office Depot
Office Depot
Wins Environmental Leadership Award". Business Leader. March 13, 2009. Archived from the original on July 8, 2011. Retrieved 7 January 2018.  ^ "Office Depot's Florida HQ gets LEED-Gold certification". World Interior Design Network. September 30, 2010. Archived from the original on July 18, 2011. Retrieved 7 January 2018.  ^ a b USChamber.com, "Business Civic Leadership Center - Earth Day 2010," [1], Retrieved 2010-07-27 ^ "Buy Green
Green
Office Products and Supplies at Office Depot". Officedepot.com. 2011-11-17. Retrieved 2011-11-29.  ^ "Power - NASCARPartners". nascarpartners.com. Archived from the original on June 15, 2008. Retrieved 6 January 2018.  ^ " Office Depot
Office Depot
Inks Deal to Be Official NASCAR(R) Partner Office Depot Online Newsroom". news.officedepot.com. Retrieved 2018-03-14.  ^ "Sponsors 2009". stewart-hass-racing.com. Archived from the original on December 19, 2008. Retrieved 6 January 2018.  ^ " Tony Stewart
Tony Stewart
loses Office Depot
Office Depot
as primary sponsor". USA Today. Retrieved 29 May 2015.  ^ "Lady Gaga's Born This Way Foundation
Born This Way Foundation
Partners With Office Depot
Office Depot
- ARTISTdirect News". Artistdirect.com. Retrieved 2012-11-18.  ^ "MTV Style Born This Way Foundation
Born This Way Foundation
Sells Bravery Bracelets At Office Depot". Style.mtv.com. 2012-07-16. Retrieved 2012-11-18. 

External links[edit]

Wikimedia Commons has media related to Office Depot.

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