Office Depot Boosts Sales, Buys South Korean Firm
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.