More Store Closures for Office Depot and At A Faster Pace
Boca Raton-based Office Depot said it is increasing its plan for shuttering stores, with some 175 planned for 2015 and at least 60 next year, bringing their total store-closure plan to 400 locations. The Office Depot/OfficeMax chains joined forces in 2013. Now Staples announced in early 2015 that it is buying Office Depot/OfficeMax; Staples acquisition is subject to federal regulator approval but is expected to close by year-end. Marcia Heroux Pounds of The Sun Sentinel has the article on the Office Depot closures.