Office Depot Sales Rise

Share this content:
Office Depot Inc. sales for the second quarter, which ended June 29, rose 4 percent to $2.6 billion compared with second-quarter 2001 while sales for the first six months of 2002 grew 2 percent to $5.7 billion compared with that period in 2001, the Delray Beach, FL, company said yesterday.


Worldwide comparable sales in the 847 stores and 39 delivery centers that have been open for more than one year were flat in the second quarter, and fell 1 percent during the first half of 2002. Operating income for the second quarter increased 15 percent to $92.7 million compared with the same period in 2001. In the first six months of 2002, operating income rose 45 percent to $256.6 million from the same period in 2001.


A 37 percent rise in e-commerce sales was offset by softness in the North American catalog businesses. Also, sales in the second quarter reflected an improvement in local currency growth rates in all European Viking catalog operations except France.


Other second-quarter highlights included:


· Worldwide e-commerce sales grew 38 percent to $498 million, and by 37 percent to $987 million for the first six months of 2002.


· Sales in the Business Services Group grew 4 percent, and 3 percent for the first six months of 2002 compared with the same periods last year. The contract division experienced positive growth while catalog sales remained soft.


close

Next Article in Multichannel Marketing

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