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Office Depot is a supplier of office products such as business machines, computers, computer software and office furniture, while its business services include copying, printing, document reproduction, shipping, and computer setup and repair.
An S&P 500 company, Office Depot generates revenues of over US $14 billion annually and has 42,000 employees worldwide. It is headquartered in Boca Raton, Florida.
It was announced February 20, 2013, that Office Depot and OfficeMax will combine in an all-stock deal, which will create the largest U.S. office-supplies chain.
Office Depot was founded in March 1986 by the late F. Patrick Sher, the former chairman and chief executive officer, Dougherty, president, and Jack Kopkin, executive vice president. All were formerly associated with Home-owner’s Warehouse, the home improvement company that Sher sold to Service Merchandise in 1983 and renamed Mr. HOW Warehouse.
The catalog showroom chain eventually sold off the Mr. HOW units to a variety of buyers, including Builders Square, the home center warehouse subsidiary of Kmart Corp. They envisioned a warehouse-style store for office products where customers could purchase items in bulk for discounted prices. This concept led to starting Office Depot, and the company opened its first store at Lakes Mall in Lauderdale Lakes, Florida in October 1986. The company saw steady growth throughout the years, and opened the 1000th Office Depot North American retail store in Countryside, Illinois in 2005.
If you are interested in knowing more about the company, its statements, products, and special offers or discounts, please visit www. OfficeDepot.com
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