- Office Depot reported Wednesday that quarterly sales fell 2% to $US2.8 billion due to losses within its CompuCom and retail divisions.
- The company told Business Insider last month that it plans to close 50 stores under its namesake and OfficeMax banners in 2019.
- At least 36 stores in 20 states have started liquidation sales.
- Visit Business Insider’s homepage for more stories.
Office Depot reported Wednesday that its first-quarter sales fell 2% to $US2.8 billion, due to losses within its CompuCom and retail divisions.
CompuCom provides IT and consulting services to businesses, while the retail divison encompasses the company’s Office Depot and OfficeMax stores.
In announcing the earnings results, Office Depot CEO Gerald Smith said the company is taking “decisive actions” to put its business “back on target with its long-term expectations.”
One of those actions involved closing stores.
Office Depot plans to close 50 stores this year under both its namesake and OfficeMax banners, the company told Business Insider in late April.
Several of the closing stores will shut down permanently on May 18, according to Shera Bishop, a spokeswoman for Office Depot.
She said the closings are part of a three-year plan announced in 2016 to shutter roughly 300 stores.
“Office Depot, Inc. continues to optimise its retail footprint as part of the three-year strategic plan announced in August 2016,” Bishop said. “We will continue to serve our customers at neighbouring Office Depot and OfficeMax stores as well as online at officedepot.com.”
The following stores are currently holding liquidation sales:
- 5601 E. Ramon, Palm Springs, California
- 24500 Village Walk Place, Murrieta, California
- 1160 El Camino Ave., Corona, California
- 17450 Colima Road, Rowland Heights, California
- 121 East El Camino Real, Sunnyvale, California
- 652 Palomar Street, Chula Vista, California
- 3245 N. State Road 7, Lauderdale Lakes, Florida
- 650 N. University Drive, Pembroke Pines, Florida
- 3245 State Bridge Road, Johns Creek, Georgia
- 8331 W. Golf Road, Niles, Illinois
- 706 E Lewis and Clark Parkway, Clarksville, Indiana
- 13509 S. Mur Len Road, Olathe, Kansas
- 28512 Telegraph Road, Southfield, Michigan
- 1480 Old Aberdeen Road, Columbus, Mississippi
- 700 Haddonfield-Berlin Rd Unit 38, Voorhees Township, New Jersey
- 3018 W. Gate City Blvd., Greensboro, North Carolina
- 785 Union Ave., Memphis, Tennessee
- 7726 Polo Grounds Blvd., Memphis, Tennessee
- 4297 Guide Meridian, Bellingham, Washington
- 1535 W Mason St, Green Bay, Wisconsin
- 21001 North Tatum Blvd., Phoenix, Arizona
- 860 East Broadway Avenue, Tucson, Arizona
- 1707 J Street, Sacramento, California
- 20455 State Road 7, Boca Raton, Florida
- 2615 Peachtree Parkway, Suwanee, Georgia
- 13406 Archer Avenue, Lemont, Illinois
- 5020 SE 14th Street, Des Moines, Iowa
- 1601 Market Place Drive Great Falls, Montana
- 2703 County Rd 541 Suite 5, Burlington Township, New Jersey
- 5801 Mercury Drive, Dearborn, Michigan
- 2845 Veterans Memorial Pkwy., Saint Charles, Missouri
- 600 Elm Ridge Center Dr., Greece, New York
- 41 N. Nellis Blvd., Las Vegas, Nevada
- 7255 SW Dartmouth St., Tigard, Oregon
- 12006 120th Place NE, Kirkland, Washington
- 1629 North Central Avenue, Marshfield, Wisconsin
The South Florida Business Journal first reported the 50 store closures.
If a closing store is missing from this list, email [email protected]
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