By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Naperville, Ill. — OfficeMax reported lower sales but higher operating and net income for its fiscal first quarter, ended March 30.
The chain, which agreed to be acquired by Office Depot in a $1.17 billion deal set to be completed by the end of the year, said total sales were $1.76 billion in the first quarter of 2013, compared with $1.87 billion in the first quarter of 2012.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
New York — The planned merger of office-supply chains OfficeMax and Office Depot remains on schedule, with the two retailers filing federal regulatory forms and forming transition committees.
In a joint update, the companies said they still expect the merger to close by year’s end, the original target date.
Naperville, Ill. – Office Depot and OfficeMax have agreed to merge.
Pending stockholder and regulatory approval, the No. 2 and 3 office-supply chains will combine by the end of the year into a new, $18 billion entity that is better able to compete in an increasingly competitive marketplace, the companies said.
New York — Office Depot and OfficeMax, the No. 2 and 3 office-supply chains, are far along in merger talks and may announce a deal this week, according to published reports.
A merger, long urged by analysts, could create a stronger challenger to channel leader Staples, although all three chains have lost ground to online and discount competitors like Costco and Walmart.
Chicago – The No. 3 office supply chain OfficeMax has appointed former Walgreen exec Kim Feil as executive VP and chief marketing and strategy officer, effective next week.
She assumes the marketing duties of Ryan Vero, the chain’s chief marketing/merchandising officer, who joined Sears Holdings last week as president of its grocery, drug and pharmacy business.