by Mike Duff | Feb 27, 2025 | Retail Articles
After missing Wall Street’s fourth-quarter estimates, ODP Corp., which operates Office Depot and OfficeMax, announced a new growth plan that includes deemphasizing retail operations in favor of business-to-business. For the quarter, net income from continuing...
by Mike Duff | Nov 6, 2024 | Retail Articles
A tough run for its retail office superstore division dragged down ODP Corp. third-quarter results as the company put more emphasis on business-to-business operations. Net income from continuing operations was $68 million, or $2.04 per diluted share, versus $82...
by Mike Duff | Aug 28, 2024 | Retail Articles
The ODP Corp. is enhancing its Generative AI technology across the company’s nationwide network of Office Depot and OfficeMax stores to enhance the customer experience. The ODP Personal Assistant, an internally developed AI application, launched in February 2023 to...
by Mike Duff | Aug 12, 2024 | Retail Articles
The ODP Corp. posted second-quarter sales and earnings below expectations, reflecting fewer retail locations in operation and cautious spending by businesses and consumers. Net loss from continuing operations was $4 million, or 12 cents per diluted share, versus net...
by Mike Duff | Jun 17, 2024 | Retail Articles
Office Depot is setting college students up for the forthcoming new school year with an expanded collection of dorm and school supplies rolling out in a new partnership with Dormify. A purveyor of dorm room decor and essentials, Dormify offers stylish furniture and...
