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Encyclopedia > Office Depot
Office Depot
Type Public (NYSEODP)
Founded 1986
Headquarters Delray Beach, Florida
Industry Retail
Products Office supplies
Revenue $15.0 billion USD (2006)
Website http://www.officedepot.com/

Office Depot (NYSEODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, printing, document reproduction, mailing and shipping. Image File history File links OfficeDepot. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... The Delray School, built in 1913, now houses the Cornell Museum, part of Old School Square in Delray Beach. ... Drawing of a self-service store. ... Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as paper work). The term includes small, expendable, daily use items such... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links Green_Arrow_Up. ... The United States dollar is the official currency of the United States. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...


The Company sells its products through multiple distribution channels, including over 1,000 office supply stores, direct mail, Internet websites, business-to-business e-commerce, and sales forces. Office Depot operates under the Office Depot, Viking Office Products, Viking Direct, Guilbert, TechDepot and 4sure.com brand names. An S&P 500 company, Office Depot generates revenues of over US $15 billion annually and has 52,000 employees worldwide. It is headquartered in Delray Beach, Florida. Office Supply is a New Wave band consisting of three members. ... Delray Beach is a city located in Palm Beach County, Florida. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Largest metro area Miami metropolitan area Area  Ranked 22nd  - Total 65,795[1] sq mi (170,304[1] km²)  - Width 361 miles (582 km)  - Length 447 miles (721 km)  - % water 17. ...

Contents

History

Office Depot was founded in Lauderdale Lakes, Florida (near Fort Lauderdale) in 1986 by three partners: Pat Sher, Stephen Dougherty, and Jack Kopkin. Sher, the company's first CEO, died the next year from leukemia. Sher's estate donated the proceed of his life insurance policy to the help the fledgling company meet its payroll. [1] The company retained professional executive recruiters (so-called "headhunters") to find a replacement for Sher. David Fuente, formerly an executive with Sherwin-Williams, was selected as the new chairman and CEO. Location of Lauderdale Lakes in Broward County in State of Florida Lauderdale Lakes is a city in Broward County, Florida, United States. ... Nickname: Coordinates: , Country United States State Florida County Broward Established 27 March 1911 Government  - Type Commission-Manager  - Mayor Jim Naugle Area  - City  36. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... “Chief executive” redirects here. ... Leukemia or leukaemia (see spelling differences) is a cancer of the blood or bone marrow and is characterized by an abnormal proliferation (production by multiplication) of blood cells, usually white blood cells (leukocytes). ... A recruiter is someone engaging in recruitment which is the solicitation of individuals to fill jobs or positions within any group such as a sports team or corporation. ... The Sherwin-Williams Company (NYSE: SHW) is a Cleveland, Ohio, USA-based company in the general building materials industry. ...


Fuente immediately launched an aggressive nationwide expansion program. To finance it, he arranged for an initial public offering of stock in 1988. In 1991, Office Depot expanded to the West Coast region with the purchase of competitor Office Club. By 1993, it was operating over 350 stores in the U.S. and Canada. This acquisition moved Office Depot onto the national stage. [2] Mark Begelman, founder and president of Office Club, joined Office Depot as president and chief operating officer. An initial public offering (IPO) is the first sale of a corporations common shares to investors on a public stock exchange. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ...


Office Clubs store were slated to continued operations under the Office Club brand and operate as a subsidiary of Office Depot. This was because Office Club operated under a "Membership format" (Similar to what is employed by Costco and Sam's Club) and the company was at first reluctant to part with that. Within a year of the merger, Office Club stores dropped the membership format and became fully assimilated with Office Depot.[3] Costco Wholesale Corporation (NASDAQ: COST) is the largest membership warehouse club chain in the world based on sales volume, headquartered in Issaquah, Washington, United States,[1] with its flagship warehouse in nearby Seattle. ... Sams Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. ...


The company began to run into problems in the late 1990s when many key North American markets became saturated with too many of the big three office supply chains: Office Depot, OfficeMax, and Staples. OfficeMax (NYSE: OMX), is an office supplies retailer founded in 1988 and headquartered in Naperville, Illinois. ... Staples, Inc. ...


Later expansion and acquisitions

In search of new opportunities, Office Depot began to expand overseas to many more countries. In 1998, it launched its public Web site and merged with the catalog company Viking Office Products. A website, Web site or WWW site (often shortened to just site) is a collection of webpages, that is, HTML/XHTML documents accessible via HTTP on the Internet; all publicly accessible websites in existence comprise the World Wide Web. ...

A typical Office Depot store
A typical Office Depot store

In June 2003, Office Depot Inc. acquired Guilbert, formerly part of the Pinault-Printemps Redoute Group (PPR). With this strategic acquisition, Office Depot has doubled its presence in Europe to around 3 billion Euros and with this move confirms its European market leadership (Office Depot European headquarter is located in the Netherlands - Venlo). Image File history File links Officedepot. ... Image File history File links Officedepot. ... Venlo ( (help· info)) is a municipality and a city in the southeastern Netherlands. ...


During the dot-com collapse in late 2000, the company's sales took a dive. Over 70 stores were closed and Fuente was reportedly forced out of his job as CEO; he was replaced by the head of the company's international operations, Bruce Nelson. On October 4, 2004, Office Depot announced that Neil R. Austrian, former President of the National Football League, was succeeding Nelson as interim chairman and CEO. Succeeding Austrian was Steve Odland, formerly CEO of Autozone. The dot-com bubble was a speculative bubble covering roughly 1997–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... NFL redirects here. ... AutoZone NYSE: AZO is a Fortune 500 corporation based in Memphis, Tennessee which is engaged primarily in the business of the retail sale of automotive parts and accessories. ...


Private Brands

In addition to selling many nationally recognized name brands, Office Depot sells products under several "home" brands, including:

  • Ativa, for shredders, telephones and certain computer hardware components such as floppy drives and USB drives
  • Break Escape, for coffee, snacks, and other break room supplies
  • Castlebridge, for executive briefcases and portfolios
  • Christopher Lowell, for office furniture, in association with the television personality
  • Foray, for pens, pencils, highlighters, correction tape, and other writing instruments, as well as CD cases.
  • Furniture at Work, for office furniture
  • Niceday, for most standard office supplies
  • Office Depot brand, for most standard office supplies such as staples, binders, file folders, remanufactured ink & toner, etc.
  • TUG, for school backpacks
  • Worklife, for higher-quality presentation and résumé papers

Paper shredder with built-in wastebasket Paper shredders are used to cut paper into very fine strips or tiny paper chips. ... For other uses, see Telephone (disambiguation). ... A floppy disk is a data storage device that comprises a circular piece of thin, flexible (hence floppy) magnetic storage medium encased in a square or rectangular plastic wallet. ... A USB drive, shown with a 24 mm US quarter coin for scale. ... This article or section does not cite any references or sources. ... welcome:: This is an article about items in a room. ... Richard Lowell Madden, better known as Christopher Lowell (born 1955), is an interior decorator. ... A ballpoint pen A pen (Latin penna, feather) is a writing instrument that applies ink to a surface, usually paper. ... This article is about the handwriting instrument. ... Highlighters A highlighter is a form of marker pen which is used to highlight sections of documents in a vivid colour, while leaving the content beneath the marking unobscured. ... welcome:: This is an article about items in a room. ... A packet of staples commonly used in the home or office Staples in use, showing the front and the back side. ... Ring binders are folders in which punched pieces of paper may be held by means of clamps or rods running through holes in the paper. ... The simplest form of backpack (also rucksack or knapsack) is a cloth sack carried on ones back and secured with two straps that go over the shoulders and below the armpits. ...

Customer Incentive Programs

Ink Cartridge Recycling

Similar to other office supply chains, Office Depot has a program set up to encourage customers to recycle their used ink cartridges. Once per day, a customer has the opportunity to drop off empty cartridges for a discount on their purchase. Previously, a $2.50 discount was available towards the purchase of a new ink cartridge. Since February 12, 2006, the discount was increased to a $3.00 coupon which can be used towards any purchase over $3.00. As of July 27, 2007 you may redeem up to twenty-five cartridges a day and redeem up to 3 coupons per for any amount totaling more than the dollar amount per purchase. February 12 is the 43rd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 208th day of the year (209th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...


Only inkjet cartridges that contain an internal printhead qualify for the program. This includes the majority of HP and Lexmark produced cartridges as well as the Office Depot remanufactured brand version of those cartridges. It also includes a very limited number of newer Canon cartridges. Cartridges that do not contain printheads do not qualify. Some cartridges contain electrical contacts that may be confused as being a printhead, but these contacts are only to allow communication with the printer for purposes of measuring ink levels or to determine whether or not the cartridge has expired. Most toner and toner/drum units can be recycled, but not those that are simply plastic toner containers such as many fax machine ink produced by Brother Industries and Panasonic. This program excludes ink tanks, such as almost all Epson brand inks. The Hewlett-Packard Company (NYSE: HPQ), commonly known as HP, is a very large, global company headquartered in Palo Alto, California, United States. ... Your All willy heads, i said Your All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All... Canon Inc. ... Brother Industries, Ltd. ... Panasonic is an international brand name for Japanese electric products manufacturer Matsushita Electric Industrial Co. ... A four colour Epson Stylus C45 inkjet printer Epson is one of the worlds largest manufacturers of inkjet, dot-matrix and laser printers, scanners, desktop computers, business, multimedia and home theatre projectors, point of sale docket printers and cash registers, laptops, integrated circuits, LCD components and other associated electronic...


Office Depot Worklife Rewards

On June 1, 2006, Office Depot launched the Worklife Rewards program which combined several benefits of the former "Advantage Reward" and current Star Teacher program. It offers 5% rewards on the total amount spent past $200 (excluding computers, monitors, UPS shipping and postage stamp purchases) in a three-month period, with no cap on the amount of rewards that can be earned. Office Depot brand ink qualify for a double credit 10% reward. Theoretically, if an individual spent $50,000 in a three-month period, they would earn $2,500 in rewards credits. The credits are issued on a store gift card. For Copy.Print.Ship services, 15% rewards are given on all purchases past $35. is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


Effective 1 September 2007 the Worklife Reward program will be issuing a return of 10% on all ink, toner, paper and Design-Print-Ship services, and 1% of all other qualifying purchases to members (excluding laptops, desktops, monitors, and TVs). There are no rewards granted for warranties, postage stamps, or other services. Unlike the previous pay-out period system, however, the member must exceed a pay-out of $10 before a gift card will be issued. Since there is this massive change, the accumulation period for points is no longer three months, but rather until a member gains enough points to receive a gift card.


Worklife members also receive exclusive coupons through postal mail and email as well in store savings on select items.


STAR Teacher Program

The STAR Teacher Program is specifically for educators and school administrators, and incorporates the benefits of the Office Depot Worklife Program. In addition to Worklife benefits, the STAR program also carries a 15% discount on copy center purchases in addition to the 15% reward for copy center purchases past $35. There is no longer a 5% discount on other items. There are also many events at the Office Depot stores for the teachers, including bi-annual Teacher Appreciation Breakfasts that offer free breakfast and giveaways for teachers.


5% Back To School Program

The 5% Back To School Program contributes a portion of a purchase to a local school as a store credit that the school may use to purchase Office Depot merchandise. Schools must register with the program to receive the store credit. Some merchandise does not qualify for the program.


Sponsorships

Office Depot previously owned the naming rights to an indoor arena in Sunrise, Florida. Called Office Depot Center from 2002 to 2005, it was subsequently renamed BankAtlantic Center. A typical sunrise, in New Zealand A sunrise through clouds over Oakland, California. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Largest metro area Miami metropolitan area Area  Ranked 22nd  - Total 65,795[1] sq mi (170,304[1] km²)  - Width 361 miles (582 km)  - Length 447 miles (721 km)  - % water 17. ... The BankAtlantic Center (formerly known as the Broward County Civic Arena, the National Car Rental Center and the Office Depot Center) is an indoor arena located in Sunrise, Florida, a suburb of Fort Lauderdale, Florida. ...


Office Depot is the primary sponsor of the NASCAR Nextel Cup #99 Ford Fusion, owned by Roush Fenway Racing and driven by Carl Edwards. Jeff Burton (99), Elliott Sadler (38), Ricky Rudd (21), Dale Jarrett (88), Sterling Marlin (40), Jimmie Johnson (48), and Casey Mears (41) practice for the 2004 Daytona 500 The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of motorsports in the United States. ... The NASCAR NEXTEL Cup Series is NASCARs top racing series. ... Outside Roush headquarters. ... Carl Michael Edwards, II (born August 15, 1979) is a NASCAR NEXTEL Cup Series and Busch Series driver for Roush Fenway Racing. ...


Activities per country

Stores owned by and operated under the Office Depot name

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Stores operating with the Office Depot name under joint venture / license agreements

Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Israel. ... Image File history File links Flag_of_El_Salvador. ... Image File history File links Flag_of_Guatemala. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Thailand. ... Image File history File links Flag_of_South_Korea. ...

External links


  Results from FactBites:
 
Office Depot Overtime Employee Potential Overtime Class Action Lawsuit (791 words)
If you worked for Office Depot as a salaried Assistant Manager during any time in the last three years, you may be entitled to a significant monetary award for unpaid overtime pay.
Office Depot recently paid millions of dollars to settle overtime class action lawsuits in California and Colorado.
Office Depot Class Action is being handled by Dolin, Thomas and Solomon, Barkan + Neff, O'Malley, as well as other lawfirms around the country.
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Due to the changing marketplace, PIIAI felt members would be better served by an organization the size of Office Depot and their expansive presence throughout the state.
Office Depot is committed to providing PIIAI with the highest levels of service and value.
Offices with 25 employees wanting to set up billing from Office Depot instead of a credit card need to send in the Assessment Form.
  More results at FactBites »

 
 

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