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.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on August 11, 2015, in Shopping Centers/Retailers and tagged , , , , , . Bookmark the permalink. Leave a comment.

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