|Price Range 12mo avg:||$2M – $4.4M|
|$/sf 12mo avg:||$127.46|
|CAP Rate 12mo avg:||8.40%|
|Lease Terms:||13yrs NN|
|Building Size avg:||22,900 SF|
|Lot Size avg:||1.30+/- acres|
Office Depot, Inc. is a global supplier of office products and services. The company was incorporated in 1986 with the opening of our first retail store in Fort Lauderdale, Florida. Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school, or car.
Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.
The company has combined pro forma annual sales of approximately $16 billion, employs more than 56,000 associates, and serves consumers and businesses in 56 countries with more than 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, OfficeMax Grand & Toy, Reliable and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, DiVOGA, Ativa, WorkPRO, Realspace and HighMark.
|S&P Credit Rating:||B-|
|Moody’s Credit Rating:||B2|
|Annual Revenue 2014:||$16.10B|
|Annual Revenue 2013:||$11.24B|
|Revenue Growth:||↑ 43% from 2013|
|Units (Dec. 2014)||1,745|
|Average Units Volume:||$9.2M|
On February 4, 2015, Staples, Inc. (“Staples”) and the Company announced that the companies have entered into a definitive merger agreement (the “Staples Merger Agreement”), under which Staples will acquire all of the outstanding shares of Office Depot and the Company will become a wholly owned subsidiary of Staples (the “Staples Acquisition”). Under the terms of the Staples Merger Agreement, Office Depot shareholders will receive, for each Office Depot share held by such shareholders, $7.25 in cash and 0.2188 of a share in Staples common stock at closing.Each employee share-based award outstanding at the date of the agreement will vest upon the effective date of the Staples Acquisition. The transaction has been approved by both companies’ Board of Directors and the completion of the Staples Merger is subject to customary closing conditions including, among others, the approval of Office Depot shareholders and various regulatory approvals. The transaction is anticipated to close before the end of 2015. Refer to the Company’s Form 8-K filed February 4, 2015 for additional information on the transaction. We cannot guarantee that the Staples Acquisition will be completed or that, if completed, it will be exactly on the terms as set forth in the Staples Merger Agreement.
Yahoo! Finance: ODP News Latest Financial News for ODP
Office Depot announces resignation of top executive
on October 19, 2017 at 10:45 am
Office Depot Inc.'s Chief Administrative Officer Michael Allison resigned from the company late last week and will be taking home a severance package totaling about $2.5 million. The Boca Raton-based office supply company (ODP) announced the departure of Allison in a filing with the Securities and Exchange Commission on Tuesday, but did not mention the reason he is stepping down. An spokeswoman for Office Depot declined comment. […]
Office Depot Emulates Amazon In Using Tech Services To Bankroll Retail
on October 17, 2017 at 12:30 pm
In a move many see as mirroring Amazon's business model, Office Depot agreed this month to acquire CompuCom Systems for $1 billion, thereby preparing to incorporate a sizable tech-assistance platform into its traditional office products retail operation. […]
Office Depot Applauds Companies for Leadership in Greener Purchasing
on October 16, 2017 at 1:00 pm
Office Depot, Inc. , a leading provider of office supplies, business products and services delivered through an omnichannel platform, today announced that it is recognizing forward-thinking companies from across the country for their leadership in greener purchasing. […]
New Strong Sell Stocks for October 13th
on October 13, 2017 at 11:24 am
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: […]
See what the IHS Markit Score report has to say about Office Depot Inc.
on October 11, 2017 at 12:00 pm
Office Depot Inc NASDAQ/NGS:ODP […]