Office Depot

The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the Business Solutions Division and Retail Division segments. The Business Solutions Division segment offers nationally branded and the company's private branded office supply and adjacency products and services. The Retail segment includes a chain of retail store that sell office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture. The company was founded in 1986 and is headquartered in Boca Raton, FL.

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Office Depot navigates challenges, focuses on growth and shareholder value

Office Depot overcame challenges through operational focus and a low-cost model, positioning for future growth.
Strong performance in ODP Business Solutions offset challenges in the Consumer Division.
Strategic initiatives like the $1 billion share repurchase program enhanced shareholder value.
Focus on driving sales growth, improving customer experience, and expanding categories for future success.

Office Depot (ODP) reports strong Q1 results and maintains guidance

Office Depot (ODP) showcases strong Q1 performance and strategic focus on unlocking business value.
Maintained guidance reflects confidence in navigating challenges and capitalizing on growth opportunities.
Emphasis on operational excellence, cost reduction, and disciplined capital returns to drive shareholder value.

Office Depot reports solid Q2 results, eyes growth opportunities

Office Depot showcased strong performance in Q2, with solid financial results and operational excellence despite challenges in certain segments.
The company's new business unit model is unlocking growth potential, with Veyer and Varis showing promising results and opportunities for expansion.
While facing revenue challenges and lower demand in some areas, Office Depot remains focused on efficiency, cost control, and new category offerings for future growth.
Management's confidence in operational performance, highlighted by revised EPS guidance and strong cash flow improvement, sets a positive outlook for the company's future.

Office Depot reports Q3 revenue decline but boosts EPS guidance

Office Depot is navigating challenges in retail sales and client onboarding delays while capitalizing on growth opportunities in logistics and strategic business units. Strong operating performance and cost control measures are driving improved financial outlook for 2023. Focus on category expansion and customer growth remains key for future success.

Office Depot reports strong 2023 performance, focuses on cost efficiency

Office Depot showcased strong financial performance in 2023 despite revenue challenges, focusing on cost optimization and shareholder returns.
The company's initiatives like Project CORE and Education 365 aim to enhance efficiencies, diversify revenue streams, and drive growth.
While facing revenue declines and strategic reviews, Office Depot remains optimistic about maximizing shareholder value and executing its growth strategy.
With a disciplined approach to acquisitions and a focus on cash flow, Office Depot is poised to capture opportunities for sustained success and profitability.

Office Depot accelerates cost-saving initiatives amidst revenue challenges

Despite challenges, Office Depot remains focused on gaining market share and traction. The company is conservative about free cash flow outlook but disciplined in EBITDA and cash flow conversion. Executives emphasize a commitment to supporting customers during the Varis sale process.

Office Depot (ODP) addresses challenges, focuses on growth opportunities

Office Depot (ODP) is navigating challenges from the macroeconomic environment but remains focused on growth initiatives.
The company is strategically reprioritizing investments and capital allocation to drive shareholder return.
With a strong balance sheet and ongoing initiatives, Office Depot (ODP) aims to improve performance and seize growth opportunities.

Office Depot navigates challenges, focuses on B2B growth opportunities

Office Depot's Q3 performance reflected revenue decline but highlighted progress in the B2B pivot strategy.
Despite challenges from weak economic conditions and hurricanes, the company maintained market share stability and pursued growth opportunities.
With a focus on B2B contracts, liquidity management, and strategic investments, Office Depot aims to optimize its business model for future success.

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The ODP Corp. is a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the following divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division provides solutions to small, medium and enterprise level companies, including those in the public and education sectors. The Office Depot division covers the provision of solutions through omni-channel platform of 980 Office Depot and OfficeMax retail locations in the United States, Puerto Rico and the U.S. Virgin Islands, and an eCommerce presence. The Veyer division is the supply chain, distribution, procurement, and global sourcing operation. The Varis division includes the tech-enabled B2B indirect procurement marketplace. The company was founded in 1986 and is headquartered in Boca Raton, FL.

Office Depot's parent company ODP Corp has turned down Staples' offer to buy it for $2.1 billion, The Wall Street Journal reported. This is the third time Staples has tried to buy its office-supplies rival in 25 years.

Office Depot has reportedly rejected Staples' offer to buy it for $2.1 billion

Office Depot owner ODP Corp rebuffed a more than $2 billion takeover offer from bigger rival Staples, proposing to combine only retail operations, the Wall Street Journal reported on Tuesday, citing a letter.

Office Depot rebuffs takeover offer from Staples - WSJ

Industry experts cited that the current proposal would help consolidate Staples and ODP Corporation's (ODP) position in the office-supplies space.

ODP's Shares Rise Sharply on Staples' Takeover Offer

Staples just made its latest takeover bid for Office Depot — and it's hoping the third time's a charm. The owner of the office-supplies giant said Monday it has offered $2.1 billion, $40 a share, for its longtime rival and could go hostile in March by making a tender offer if Office Depot refuses to.

Staples discloses third attempt to buy rival Office Depot

The ODP Corporation, parent company of Office Depot, soared as much as 20% on Monday after Staples offered to buy the company for the third time in 25 years. In a letter sent to the board of directors of ODP, Staples offered $40 per share for Office Depot, or $2.1 billion. Staples last tried to acquire Office Depot for more than $6 billion, but the proposed merger was declined by the FTC due to anti-trust concerns.

Office Depot jumps 20% after Staples offers to buy the company for $2.1 billion (ODP)

Staples is hoping the third time's the charm, as it seeks to buy rival Office Depot for a reported $2.1 billion. In a letter to the Office Depot board, Staples proposed to pay $40 per share in cash.

Staples Makes Third Bid To Buy Office Depot For $2.1 Billion

Shares of ODP Corp. shot up 18.9% toward the highest close in more than three years, after the office supplies business services provider confirmed it received an buyout bid from Staples parent USR Parent, which is owned by Sycamore Partners. Earlier Monday, USR said it proposed to buy ODP for $40 a share in cash, which is 8.2% above Friday's closing price of $36.96.

ODP's stock soars to more than 3-year high after confirming Staples' buyout bid

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform and retail locations, today confirmed that it has received a proposal to acquire the Company from USR Parent, Inc. (“USR Parent”), the parent company of Staples and a portfolio company of Sycamore Partners. Consistent with its fiduciary duties, ODP's Board of Dire

The ODP Corporation Confirms Receipt of Acquisition Proposal From Staples

A second attempt to acquire the company was what the doctor ordered Monday morning.

Why ODP Stock Popped 17% Monday Morning

Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for $2.1 billion in cash.

Staples offers $2.1 billion cash to buy Office Depot parent

FRAMINGHAM, Mass., Jan. 11, 2021 /PRNewswire/ -- USR Parent, Inc. ("Staples") today said it has sent a letter to the Board of Directors of The ODP Corporation (NASDAQ: ODP) outlining a proposal to acquire ODP for $40.00 per share in cash. The full content of the letter is published below:...

USR Parent, Inc. Proposes To Acquire ODP

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As of late, it has definitely been a great time to be an investor in The ODP Corporation (ODP).

ODP Corporation's (ODP) Shares March Higher, Can It Continue?

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News for Office Depot Stock (ODP)