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.
1.1 Other events and milestones
2 Environmental programs
2.1 Buying Green
2.2 Being Green
2.3 Selling Green
4 See also
6 External links
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 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 store located in North Lauderdale, Florida
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 in 1983. The company
opened its first store at
Lakes Mall in
Lauderdale Lakes, Florida
Lauderdale Lakes, Florida in
On February 20, 2013, it was announced that
Office Depot and OfficeMax
would combine in an all-stock deal, pending regulatory approval and
stockholder approval. On November 5, 2013, the merger was
On February 4, 2015, it was announced that rival Staples had agreed to
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. 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.
Other events and milestones
This is a list of related events and milestones:
1988 – Initial public offering of stock.
1991 – Expands to the West Coast of the
United States by merging
with Office Club.
1992 – Increases operations in North America by acquiring The Great
Canadian Office Supplies Warehouse Chain.
1993 – Enters contract stationer business by acquiring Wilson
Stationery & Printing Company and Eastman Office Products
1998 – Enters European and Australian direct mail operations by
acquiring Viking Direct
2001 – Acquires 4sure.com.
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.
2003 – Doubles European business with acquisition of Guilbert,
S.A.; becomes the first office supply superstore to offer fully
functional and comprehensive Spanish website.
Green Book” catalog of environmentally preferable
products, 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
Names Steve Odland Chairman and Chief Executive Officer
OfficeMax begins negotiations with
Office Depot to engage in
a "merger of equals".
Announced that it will close 400 stores due to declining sales and
customer migration to e-retailers.
Office Depot and
OfficeMax merged and started combining.
2015 – The
Federal Trade Commission
Federal Trade Commission voted to block the merger with
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
Office Depot has structured its environmental strategy around three
concepts: Buying Green, Being Green, and Selling Green.
Initiatives supporting this strategy include the following below:
By investing more than $20 million in energy efficiency initiatives in
Office Depot reduced its electricity and absolute carbon-dioxide
emissions from North American facilities by over 10% in 2006.
Office Depot storefront in East Palo Alto, California
Office Depot created a dedicated brand of green office
Office Depot Green, 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 Building Council (USGBC). That
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.
In Europe, Office Depot’s UK Headquarters is a green building,
having achieved a
BREEAM “Very Good” Rating.
In 2010, Office Depot's Headquarters in Boca Raton, FL was awarded
LEED Gold certification from the US
Green Building Council for
Existing Buildings: Operations and Maintenance.
Office Depot offers more than 6,500 products with environmental
attributes and certifications.
Office Depot offers numerous green solutions for its customers,
Green Book, Greener Office website, Ink and Toner
Cartridge Recycling Program and a Tech Recycling Service.
Office Depot became a partner of NASCAR, with the title
“Official Office Products Partner of NASCAR”. In the same
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.
Office Depot announced that it would become the co-primary
Tony Stewart and the No. 14
Chevrolet at Stewart-Haas
Racing in 2009. In September 2012,
Office Depot announced it would
not renew sponsorship with
Tony Stewart or Stewart-Haas Racing.
Office Depot partnered with the Born This Way Foundation,
which was started by
Lady Gaga to sell limited edition office supplies
and give 25% (1/4) of the money earned to the organization.
^ 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 Adds More Than 4% –
Amazon Eyeing Office Depot's Corporate Business, Which Could Help
Clear Staples Merger". Sonoran Weekly Review. Retrieved 17 March
^ Gale, Kevin. "1986 Flashback: The birth of
Office Depot in
Lauderdale Lakes Mall". Sun-Sentinel.com. Retrieved 2017-04-10.
^ a b "Office Depot,
OfficeMax to Merge to Compete With Staples".
Bloomberg. Retrieved 20 February 2013.
^ Dhanya Skariachan (5 November 2013). "
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 scrap merger deal after judge
rules for FTC". Reuters. Retrieved 10 May 2016.
^ "BRIEFS". The New York Times. 1988-12-15. ISSN 0362-4331.
^ Cheng, Evelyn (2016-05-11). "Dow closes down more than 200 points;
retail plunges, posts worst day since 2011". CNBC. Retrieved
^ "Office Club merger into
Office Depot completed". UPI. Retrieved
^ "Diversified dollars: 7 corporate programs". CNN.
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 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 Joins Free Cell Phone
and Rechargeable Battery Recycling Program". GreenBiz. Retrieved
^ "Office DepotMax Press Releases: Press Release".
investor.officedepot.com. Retrieved 2017-01-30.
^ "Steve Odland - Executive Profile and Biography".
Office Depot to close 400 US stores, posts loss". CNBC. 2014-05-06.
Office Depot and
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 names Gerry Smith as new CEO".
MarketWatch. Retrieved 2017-01-30.
^ Pounds, Marcia Heroux. "
Office Depot names
Lenovo executive Gerry
Smith new CEO". Sun-Sentinel.com. Retrieved 2017-01-30.
^ "Committed to Increasingly Buy Green, Be
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
^ Nastu, Paul (April 8, 2008). "
Office Depot Launches
Line". Environmental Leader. Retrieved 7 January 2018.
Office Depot receives LEED Gold Certification".
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 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," , Retrieved 2010-07-27
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 Inks Deal to Be Official NASCAR(R) Partner Office
Depot Online Newsroom". news.officedepot.com. Retrieved
^ "Sponsors 2009". stewart-hass-racing.com. Archived from the original
on December 19, 2008. Retrieved 6 January 2018.
Tony Stewart loses
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 -
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.
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