Is Office Max and Office Depot the same thing?
Office Depot bought OfficeMax a few years ago, but they maintained separate stores, they didn't merge into one store. So, with either OD or OM they have the same products, same sales/promotions, same uniforms, same rewards program, but they kept different identities, except that they're so similar I don't know how they're different.
Is OfficeMax going out of business?
The company told Business Insider last month that it plans to close 50 stores under its namesake and OfficeMax banners in 2019. At least 36 stores in 20 states have started liquidation sales. Visit...
How many employees does OfficeMax have?
Officemax has: 34 employees at the 1633 17th Avenue East Shakopee, MN 55379 location. What is Officemax's Revenue? What is Officemax's Industry? Officemax's industry is: Shopping & Stores.
How much does Office Depot OfficeMax pay?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does Office Depot OfficeMax in Texas pay? Average Office Depot OfficeMax hourly pay ranges from approximately $8.25 per hour for Payment Processor to $20.98 per hour for Receptionist.
Is OfficeMax same as Office Depot?
On February 20, 2013, an all-stock merger between Office Depot and OfficeMax was announced. The merger was completed on November 5, creating the largest U.S. office-supplies chain. The OfficeMax name continues to serve as a brand of The ODP Corporation.
Who bought OfficeMax?
Office Depot, Inc.In accordance with the terms of the merger agreement, OfficeMax shareholders will receive 2.69 shares of Office Depot, Inc. common stock in exchange for each share of OfficeMax common stock. OfficeMax is now a wholly owned subsidiary of Office Depot, Inc. and will no longer be publicly traded.
Is OfficeMax part of Staples?
Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer — or $18.27 a share — for its consumer business, which includes the Office Depot chain of stores and OfficeMax.
Did Staples Buy Office Depot and OfficeMax?
An acquisition by Staples would leave just one big-box office supplies chain store in the country after Office Depot acquired OfficeMax in 2013. December was a busy month for ODP.
Why is Staples going out of business?
Staples, the world's largest office supply chain, will close 140 locations this year due to increased competition from online retailers. The company closed 80 outlets within North America in the fiscal second quarter.
Who owns Staples now?
Sycamore PartnersStaples / Parent organizationSycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. Wikipedia
Who is bigger Staples or Office Depot?
Staples had more than 1,300 locations, while Office Depot had more than 1,500 following its merger with OfficeMax several years prior. Both, though, had committed to closing down locations. Today, Staples has 1,068 locations, and Office Depot has fewer than 1,250.
Did Office Depot get bought out by Staples?
In 2016, Staples and Office Depot called off their merger after a federal judge issued an injunction temporarily blocking the $6.3 billion deal over antitrust concerns. Staples previously tried to acquire Office Depot in 1996. But the deal was called off after regulators raised antitrust concerns.
Is Staples going to buy Office Depot?
Retail office supplies giant Staples Friday said it plans to acquire the consumer-focused business of Office Depot, including the Office Depot and OfficeMax brand names, in a $1 billion deal that would leave Office Depot completely focused on the business-to-business market.
Did Office Depot change their name?
The ODP Corporation replaces Office Depot, Inc. (“Office Depot”) as the public company trading on Nasdaq under the ticker symbol “ODP”.
Are Office Depot and Staples owned by the same company?
In 2016, Staples and Office Depot called off their merger after a federal judge issued an injunction temporarily blocking the $6.3 billion deal over antitrust concerns. Staples previously tried to acquire Office Depot in 1996. But the deal was called off after regulators raised antitrust concerns.
Why did the FTC block the merger of Staples and Office Depot?
Given the two retailers' dominating presence in the B2B office supplies space, the FTC argued a merger would significantly reduce competition in the marketplace and negatively impact large business customers.