by Peter Giannetti | Jan 30, 2025 | Beverageware, Dinnerware, Flatware, Home + Housewares, Tableware
Fortessa Tableware Solutions (FTS) announced the sudden passing of its CEO, Jeff Smith. Smith was 49. Smith, who was with FTS for almost two decades, served as CFO and COO before being appointed CEO in March 2024. “Jeff was more than our CEO; he was a mentor, a...
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 | Feb 29, 2024 | Retail Articles
ODP Corp., parent of Office Depot and OfficeMax, registered a beat on earnings in the fourth quarter while announcing Project Core, a move to streamlining operations, reemphasize the main business and increase shareholder returns. Net loss from continuing operations...
