Wednesday, April 7, 2010 as of 11:14 AM ET
Office Depot () is a supplier of office products such as business machines, computers, computer software and office furniture, while its business services include copying, printing, document reproduction, shipping, and computer setup and repair.
Read More at Wikipedia ›Staples Inc.
's (SPLS) fiscal first-quarter earnings fell 5.6% as the office-supply giant became the latest retailer to grapple with weak demand in Europe, which masked a stronger performance in North America.Office suppliers such as Staples, the largest chain in the U.S., are operating in an deeply competitive retail climate marked by declining demand for office products as governments contend with budget cuts and traditional supplies evolve into electronic forms.Though the company's business strengthened a bit in North America, demand abroad softened in the latest quarter. That echoes a broader trend among retailers and consumer-product companies, including jewelry and accessory maker Fossil Inc. (FOSL) and shoe makers Deckers Outdoor Corp. (DECK) and Wolverine World Wide Inc. (WWW), which have all recently cited weak demand in Europe in their latest quarterly reports.Concerns about European sales have knocked shares of retailers expanding or with heavy exposure in the region. Shares ...Staples Inc.'s (SPLS) earnings rose 3.2% in the fiscal fourth quarter, held back by international operations that took a step back in 2011, prompting layoffs in the ...
Staples (NASDAQ:SPLS) reported slightly higher fourth-quarter profit that narrowly topped Wall Street expectations, as strong sales in North America offset softer de...
Office Depot Inc. (ODP), fresh off its first year in the black since 2007, expects profitability to continue improving this year as its margin-bolstering initiatives...
Office Depot Inc. , Staples Inc. and OfficeMax Inc. were among the leading gainers in the retail sector on Tuesday after No. 2 U.S. office-supplies chain Office Depo...
A $34 million drop in quarterly expenses helped Office Depot (NYSE:ODP) swing to a fourth-quarter profit despite flat sales that just matched expectations. The nati...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
Office Depot Inc. said on Monday that it swung to a profit in its fourth quarter, earning $12.3 million, or 4 cents a share in the period, compared to a loss of $108...
Online-review service Yelp Inc. is set to begin trading on the New York Stock Exchange next Friday, the latest in a series of social-media companies to go public.Aut...
NASCAR CEO Brian France on Danica Patrick, higher gas prices and sponsorship for the upcoming racing season.
Staples Inc. (SPLS) and Avery Dennison Corp. (AVY) officially launched a diverse line of products designed by Martha Stewart Living Omnimedia Inc. (MSO) Tuesday, pul...
Staples shares fell 4% to $15.35 Monday morning after analysts at Goldman Sachs cut the stock to sell from neutral. Staples was among the top decliners on the S&P 50...
PayPal and Office Depot are reportedly testing the former's new payment method, called by experts as 'wallet in the cloud', that allows consumers with PayPal account...
Former Office Depot CEO Steve Odland on growing anger among Americans as companies are not hiring in an uncertain economy.
A surprisingly strong reading on domestic manufacturing prompted a rally in stocks and drove Dow industrials to their highest level in more than four years.The Dow J...
Office Depot Inc. (ODP), which posted continuing higher margins but lower sales in its first-quarter results, said it expects to see it profits fall in the second qu...
Office Depot Inc. (ODP) swung to a first-quarter profit thanks to a large settlement, while the office-supplies retailer's focus on higher margins cushioned the bott...
Amazon is expanding beyond its consumer-facing business by launching AmazonSupply, a new site that offers 500,000 products to industrial and commercial customers.The...
Former Office Depot CEO Steve Odland on Illinois' effort to fix its budget gap by boosting its revenue by selling lottery tickets online.
In an effort to cope with an uncertain economy, some Americans are turning their homes into cash cows.According to the U.S. Census Bureau , homeowners are renting ou...
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