Office Depot Boosts Sales, Buys South Korean Firm

Share this content:
Office Depot Inc.'s sales increased 7 percent for the fourth quarter ended Dec. 31, totaling $3.7 billion. The Delray Beach, FL, multichannel marketer of office products also said yesterday that it acquired a controlling interest in Best Office, a South Korean office supply company.

Sales in the North American Retail Division increased 15 percent, and comparable-store sales in the United States and Canada rose 5 percent. The North American Business Solutions Division generated an 11 percent increase in sales, but international sales decreased 8 percent. Net earnings for the period totaled $106 million compared with $52 million in the previous year.

Sales for the year totaled $14.3 billion, a 5 percent increase over the prior year. Same-store sales in the North American Retail Division rose 3 percent for the year. Net earnings totaled $274 million.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above