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About Office Depot, LLC

Paper and pens have made room for PC repair and point-of-sale services at office products giant Office Depot (#3 worldwide behind Amazon and Staples). The office supply chain operates over 1,300 retail stores under the Office Depot and OfficeMax names through which it sells a wide selection of office supplies, furniture, printers, and breakroom and cleaning products. It has also moved into IT support and other business-to-business services, which it offers through CompuCom and other brands. Office Depot operates entirely in North America.


Office Depot has three reportable segments: Business Solutions, Retail, and CompuCom.

The company generates approximately 50% of its sales from the Business Solutions segment, which primarily provides customers with nationally and private branded office supply products and services to businesses of all sizes, educational institutions, and government agencies through a dedicated sales force, telesales, catalogs, and the internet. The Retail segment (about 40% of sales) includes the company's network of retail stores across the US, Puerto Rico, and the US Virgin Islands.

The CompuCom division was formed in late 2017 after Office Depot's purchase of CompuCom. It is a service provider supporting the distributed technology needs of enterprise organizations in the US and Canada. It accounts for nearly 10% of sales.

Office Depot generates nearly 45% of sales from supplies, with technology accounting for about 30%; furniture and other products and copy and print services bring in the rest. The company's portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and Highmark.

Geographic Reach

Office Depot operates a strong store network across the entire US, as well in Puerto Rico and the US Virgin Islands. About a third of its retail stores are in Texas, California, and Florida; other leading markets include Georgia, Illinois, North Carolina, Ohio, and Colorado.

The company has corporate offices in Boca Raton, Florida, and Fort Mill, South Carolina, as well as some 55 distribution centers and crossdock facilities in nearly 25 US states and Puerto Rico (including about 5 each in California and Hawaii, and about 10 in Wisconsin). In addition, it has about a dozen facilities in Canada and a global sourcing office in Shenzhen, China.

Sales and Marketing

In addition to retail stores, Office Depot sells its products and services through a business-to-business sales force, dedicated sales professionals, Internet sites, and direct marketing catalogs and call centers. It also markets its products through consortiums for non-exclusive buying arrangements.

The company serves consumers, small- and mid-sized businesses, as well as large enterprises, schools and educational institutions, local, state, and government agencies.

Office Depot's advertising costs were $249 million in 2019, $270 million in 2018 and $264 million in 2017.

Financial Performance

Product sales decreased 3% in 2019 compared to 2018 primarily driven by lower comparable store sales and store closures in the Retail Division. The decline in 2019 was partially offset by an increase in product sales in its CompuCom Division as a result of increased discipline in its selling process and improved relationships with its product manufacturer partners.

Net income was down that year, falling 5% to $99 million primarily due to lower revenue.

Cash at the end of 2019 was $700 million, an increase of $40 million from the prior year. Cash from operations contributed $366 million to the coffers, while investing activities used $119 million, mainly for capital expenditures. Financing activities used another $212 million, primarily as a result of debt retirement and payments on borrowings.


Since 2017, Office Depot have been undergoing a strategic business transformation to pivot Office Depot into an integrated B2B distribution platform, with the objective of expanding its product offerings to include value-added services for its customers and capture greater market share. As part of this transformation, the company acquired CompuCom in 2017 and an enterprise IT solutions integrator and managed services provider in 2018.

The company continue to expand its reach and distribution network through acquisitions of profitable regional office supply distribution businesses, serving small and mid-market customers. Many of these customers are in geographic areas that were previously underserved by its network. This has allowed for an effective and accretive means to expand the company's distribution reach, target new business customers and grow its offerings beyond traditional office supplies.

Company Background

Pat Scher, Stephen Dougherty, and Jack Kopkin opened the first Office Depot, one of the first office supply superstores, in Lauderdale Lakes, Florida, in 1986. Scher was selected as chairman. By the end of the year the fledgling company had opened two more stores (both in Florida).

Office Depot opened seven more stores in 1987. When Scher died of leukemia that year, the company recruited David Fuente, former president of Sherwin-Williams' Paint Store Division, as chairman and CEO. Office Depot continued its breakneck expansion under Fuente. In 1988 -- the year the company went public -- it opened 16 stores and broke into new markets in four states.

The company acquired one of its top competitors, OfficeMax, in 2013 in an all-stock deal worth about $1.2 billion and moved heavily into IT-related services in late 2017 with the billion-dollar purchase of CompuCom.


Office Depot, LLC

6600 N Military Trl
Boca Raton, FL 33496-2434
Phone: 1 (561) 438-4800

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: ODP
Stock Exchange: , NASDAQ
EVP and CFO: Joseph T. Lower
CEO and Director: Gerry P. Smith
Chairman: Joseph S. Vassalluzzo
Employees (This Location): 2,400
Employees (All Locations): 40,000

Major Office Locations

Boca Raton, FL

Other Locations

Anchorage, AK
Fairbanks, AK
Juneau, AK
Anniston, AL
Birmingham, AL
Cullman, AL
Decatur, AL
Dothan, AL
Enterprise, AL
Florence, AL
Foley, AL
Gadsden, AL
Hoover, AL
Huntsville, AL
Irondale, AL
Mobile, AL
Montgomery, AL
Northport, AL
Opelika, AL
Oxford, AL
Prattville, AL
Tuscaloosa, AL
Benton, AR
Conway, AR
El Dorado, AR
Fayetteville, AR
Hot Springs, AR
Jonesboro, AR
Little Rock, AR
North Little Rock, AR
Rogers, AR
Springdale, AR
Apache Junction, AZ
Buckeye, AZ
Bullhead City, AZ
Casa Grande, AZ
Chandler, AZ
Cottonwood, AZ
Flagstaff, AZ
Gilbert, AZ
Glendale, AZ
Mesa, AZ
Oro Valley, AZ
Peoria, AZ
Phoenix, AZ
Prescott, AZ
Scottsdale, AZ
Surprise, AZ
Tempe, AZ
Tucson, AZ
Alameda, CA
Alhambra, CA
Antioch, CA
Arroyo Grande, CA
Bakersfield, CA
Burbank, CA
Cerritos, CA
Chico, CA
Chula Vista, CA
City Of Industry, CA
Clovis, CA
Commerce, CA
Corona, CA
Culver City, CA
Cypress, CA
Davis, CA
Downey, CA
East Palo Alto, CA
El Cajon, CA
Emeryville, CA
Encinitas, CA
Encino, CA
Escondido, CA
Folsom, CA
Fontana, CA
Fountain Valley, CA
Fremont, CA
Fresno, CA
Fullerton, CA
Garden Grove, CA
Hayward, CA
Huntington Park, CA
Irvine, CA
La Crescenta, CA
La Habra, CA
Lakewood, CA
La Mesa, CA
La Quinta, CA
Livermore, CA
Long Beach, CA
Los Angeles, CA
Los Gatos, CA
Madera, CA
Manhattan Beach, CA
Manteca, CA
Millbrae, CA
Mission Viejo, CA
Modesto, CA
Montebello, CA
Moreno Valley, CA
Mountain View, CA
Murrieta, CA
Napa, CA
National City, CA
Northridge, CA
Norwalk, CA
Ontario, CA
Oxnard, CA
Palmdale, CA
Palm Springs, CA
Pasadena, CA
Placerville, CA
Pleasanton, CA
Porterville, CA
Rancho Cucamonga, CA
Redding, CA
Redlands, CA
Redwood City, CA
Riverside, CA
Rohnert Park, CA
Roseville, CA
Rowland Heights, CA
Sacramento, CA
Salinas, CA
San Bernardino, CA
San Carlos, CA
San Clemente, CA
Sand City, CA
San Diego, CA
San Francisco, CA
San Jose, CA
San Leandro, CA
San Mateo, CA
San Pedro, CA
San Rafael, CA
San Ramon, CA
Santa Barbara, CA
Santa Clarita, CA
Santa Cruz, CA
Santa Maria, CA
Santa Rosa, CA
Santee, CA
Selma, CA
Signal Hill, CA
Simi Valley, CA
Stockton, CA
Sunnyvale, CA
Sylmar, CA
Temecula, CA
Temple City, CA
Torrance, CA
Tustin, CA
Union City, CA
Upland, CA
Valencia, CA
Vallejo, CA
Van Nuys, CA
Ventura, CA
Victorville, CA
Visalia, CA
Vista, CA
Walnut Creek, CA
West Covina, CA
Whittier, CA
Windsor, CA
Woodland, CA
Woodland Hills, CA
Arvada, CO
Aspen, CO
Aurora, CO
Boulder, CO
Brighton, CO
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Longmont, CO
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Pueblo, CO
Superior, CO
Thornton, CO
Westminster, CO
Manchester, CT
Altamonte Springs, FL
Aventura, FL
Boca Raton, FL
Boynton Beach, FL
Bradenton, FL
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Cape Coral, FL
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Davie, FL
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Merritt Island, FL
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Mount Dora, FL
Naples, FL
North Miami, FL
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Port Saint Lucie, FL
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Saint Petersburg, FL
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Summerfield, FL
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West Palm Beach, FL
Alpharetta, GA
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Atlanta, GA
Augusta, GA
Austell, GA
Brunswick, GA
Calhoun, GA
Canton, GA
Columbus, GA
Conyers, GA
Cumming, GA
Dalton, GA
Douglasville, GA
Dublin, GA
Duluth, GA
Evans, GA
Fayetteville, GA
Flowery Branch, GA
Fort Oglethorpe, GA
Gainesville, GA
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Hiram, GA
Jonesboro, GA
Kennesaw, GA
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Lilburn, GA
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Marietta, GA
Mcdonough, GA
Milledgeville, GA
Newnan, GA
Norcross, GA
Roswell, GA
Savannah, GA
Snellville, GA
Statesboro, GA
Stockbridge, GA
Stone Mountain, GA
Suwanee, GA
Thomasville, GA
Valdosta, GA
Warner Robins, GA
Woodstock, GA
Aiea, HI
Hilo, HI
Honolulu, HI
Kahului, HI
Kailua Kona, HI
Kapolei, HI
Lahaina, HI
Waipahu, HI
Cedar Rapids, IA
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West Des Moines, IA
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Idaho Falls, ID
Meridian, ID
Moscow, ID
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Pocatello, ID
Twin Falls, ID
Algonquin, IL
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Carol Stream, IL
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Fairview Heights, IL
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Homewood, IL
Itasca, IL
Joliet, IL
Lake Zurich, IL
Lemont, IL
Lombard, IL
Machesney Park, IL
Matteson, IL
Melrose Park, IL
Moline, IL
Mount Prospect, IL
Naperville, IL
Niles, IL
Normal, IL
Oak Brook, IL
Orland Park, IL
Oswego, IL
Ottawa, IL
Peoria, IL
Rockford, IL
Rosemont, IL
Round Lake Beach, IL
Schaumburg, IL
Skokie, IL
Springfield, IL
Vernon Hills, IL
Waukegan, IL
Wheaton, IL
Woodridge, IL
Anderson, IN
Avon, IN
Bloomington, IN
Carmel, IN
Clarksville, IN
Columbus, IN
Evansville, IN
Fort Wayne, IN
Greenwood, IN
Highland, IN
Indianapolis, IN
Lafayette, IN
Merrillville, IN
Michigan City, IN
Mishawaka, IN
New Albany, IN
Richmond, IN
Vincennes, IN
Edwardsville, KS
Lawrence, KS
Olathe, KS
Salina, KS
Shawnee Mission, KS
Topeka, KS
Wichita, KS
Ashland, KY
Bowling Green, KY
Elizabethtown, KY
Florence, KY
Lexington, KY
London, KY
Louisville, KY
Murray, KY
Owensboro, KY
Paducah, KY
Richmond, KY
Somerset, KY
Alexandria, LA
Baton Rouge, LA
Bossier City, LA
Covington, LA
Denham Springs, LA
Gonzales, LA
Hammond, LA
Harahan, LA
Harvey, LA
Houma, LA
Kenner, LA
Lafayette, LA
Lake Charles, LA
La Place, LA
Mandeville, LA
Marrero, LA
Metairie, LA
Monroe, LA
New Iberia, LA
New Orleans, LA
Ruston, LA
Shreveport, LA
Slidell, LA
Thibodaux, LA
West Monroe, LA
Zachary, LA
Billerica, MA
Dorchester, MA
East Walpole, MA
Everett, MA
Foxborough, MA
Hanover, MA
Marlborough, MA
North Dartmouth, MA
Tewksbury, MA
Baltimore, MD
Bel Air, MD
Bowie, MD
Columbia, MD
Frederick, MD
Gaithersburg, MD
Glen Burnie, MD
Hagerstown, MD
Lutherville Timonium, MD
Pikesville, MD
Prince Frederick, MD
Severna Park, MD
Silver Spring, MD
Waldorf, MD
Caribou, ME
Portland, ME
Ann Arbor, MI
Cadillac, MI
Canton, MI
Clarkston, MI
Clinton Township, MI
Dearborn, MI
Detroit, MI
Eastpointe, MI
Farmington Hills, MI
Flint, MI
Grand Rapids, MI
Grandville, MI
Jackson, MI
Kalamazoo, MI
Kentwood, MI
Lansing, MI
Lapeer, MI
Livonia, MI
Madison Heights, MI
Marquette, MI
Midland, MI
Northville, MI
Novi, MI
Oak Park, MI
Okemos, MI
Petoskey, MI
Portage, MI
Rochester Hills, MI
Saginaw, MI
Southfield, MI
Southgate, MI
Sterling Heights, MI
Troy, MI
Utica, MI
Warren, MI
Westland, MI
White Lake, MI
Woodhaven, MI
Wyoming, MI
Alexandria, MN
Baxter, MN
Chanhassen, MN
Dilworth, MN
Duluth, MN
Eagan, MN
Eden Prairie, MN
Edina, MN
Elk River, MN
Forest Lake, MN
Inver Grove Heights, MN
Mankato, MN
Maple Grove, MN
Minneapolis, MN
Minnetonka, MN
Monticello, MN
Rochester, MN
Saint Cloud, MN
Saint Paul, MN
Savage, MN
Shakopee, MN
Stillwater, MN
Willmar, MN
Woodbury, MN
Blue Springs, MO
Bridgeton, MO
Chesterfield, MO
Columbia, MO
Ellisville, MO
Farmington, MO
Fenton, MO
Florissant, MO
Gladstone, MO
Independence, MO
Joplin, MO
Kansas City, MO
Lees Summit, MO
O Fallon, MO
Poplar Bluff, MO
Raymore, MO
Saint Charles, MO
Saint Joseph, MO
Saint Louis, MO
Saint Peters, MO
Springfield, MO
Warrensburg, MO
Washington, MO
Wentzville, MO
Biloxi, MS
Columbus, MS
Greenville, MS
Gulfport, MS
Hattiesburg, MS
Jackson, MS
Laurel, MS
Meridian, MS
Natchez, MS
Oxford, MS
Pascagoula, MS
Pearl, MS
Southaven, MS
Tupelo, MS
Vicksburg, MS
Billings, MT
Bozeman, MT
Great Falls, MT
Albemarle, NC
Apex, NC
Arden, NC
Asheville, NC
Burlington, NC
Cary, NC
Charlotte, NC
Durham, NC
Elizabeth City, NC
Fayetteville, NC
Garner, NC
Gastonia, NC
Goldsboro, NC
Greensboro, NC
Greenville, NC
Hickory, NC
High Point, NC
Huntersville, NC
Kannapolis, NC
Knightdale, NC
Lumberton, NC
Monroe, NC
Morrisville, NC
Pineville, NC
Raleigh, NC
Rocky Mount, NC
Salisbury, NC
Sanford, NC
Shallotte, NC
Shelby, NC
Smithfield, NC
Washington, NC
Wilmington, NC
Winston Salem, NC
Bismarck, ND
Fargo, ND
Grand Forks, ND
Minot, ND
Grand Island, NE
Kearney, NE
La Vista, NE
Lincoln, NE
Norfolk, NE
Omaha, NE
Papillion, NE
Burlington, NJ
Carlstadt, NJ
East Brunswick, NJ
Edison, NJ
Paulsboro, NJ
Union, NJ
Voorhees, NJ
Albuquerque, NM
Clovis, NM
Farmington, NM
Las Cruces, NM
Roswell, NM
Santa Fe, NM
Carson City, NV
Elko, NV
Henderson, NV
Las Vegas, NV
North Las Vegas, NV
Reno, NV
Sparks, NV
Albany, NY
Amherst, NY
Bohemia, NY
Buffalo, NY
Cheektowaga, NY
Cicero, NY
Lakewood, NY
Lockport, NY
Mohegan Lake, NY
Nanuet, NY
Newburgh, NY
New Rochelle, NY
New York, NY
Niagara Falls, NY
Oneonta, NY
Rochester, NY
Schenectady, NY
West Seneca, NY
Williamsville, NY
Akron, OH
Ashtabula, OH
Beachwood, OH
Beavercreek, OH
Canton, OH
Chillicothe, OH
Cincinnati, OH
Cleveland, OH
Columbus, OH
Dayton, OH
Defiance, OH
Delaware, OH
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Holland, OH
Lancaster, OH
Lima, OH
Macedonia, OH
Massillon, OH
Mayfield Heights, OH
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Milford, OH
Newark, OH
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Parma, OH
Perrysburg, OH
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Rocky River, OH
Solon, OH
Springfield, OH
Stow, OH
Strongsville, OH
Toledo, OH
Wadsworth, OH
West Chester, OH
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Westlake, OH
Willoughby, OH
Youngstown, OH
Edmond, OK
Lawton, OK
Moore, OK
Muskogee, OK
Norman, OK
Oklahoma City, OK
Owasso, OK
Tulsa, OK
Beaverton, OR
Bend, OR
Corvallis, OR
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Gresham, OR
Happy Valley, OR
Hillsboro, OR
Medford, OR
Milwaukie, OR
Portland, OR
Roseburg, OR
Salem, OR
Tigard, OR
Wilsonville, OR
Allentown, PA
Bethlehem, PA
Bristol, PA
Carlisle, PA
Cranberry Township, PA
Erie, PA
Fairless Hills, PA
Greensburg, PA
Lancaster, PA
Lansdale, PA
Mechanicsburg, PA
Monroeville, PA
Newville, PA
Philadelphia, PA
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Reading, PA
Springfield, PA
Washington, PA
Wilkes Barre, PA
York, PA
Anderson, SC
Charleston, SC
Columbia, SC
Conway, SC
Florence, SC
Greenville, SC
Greenwood, SC
Lexington, SC
Mount Pleasant, SC
Myrtle Beach, SC
North Augusta, SC
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Rock Hill, SC
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Alcoa, TN
Antioch, TN
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Sudbury, Canada
Thunder Bay, Canada
Timmins, Canada
Toronto, Canada
Vancouver, Canada
Victoria, Canada
Waterloo, Canada
Winnipeg, Canada
Woodbridge, Canada