Iconic national office retailer closing stores, no bankruptcy
View original at finance.yahoo.comIconic national office retailer closing stores, no bankruptcy Amazon’s skyrocketing success had a disruptive effect on traditional sales in the global retail industry…
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In 2024, ODP reported revenue of $7 billion, a far cry south of its post-merger total and revenue of $11.7 billion 10 years ago in 2015
80% confidenceIn the first six months of 2025, the Business Solutions unit generated 52% of total sales. That's up from 51.3% a year earlier, driven by slower declines in B2B compared with retail
80% confidenceU.S. office supplies sales revenue across physical and digital retail channels totaled $11.5 billion in 2024, suggesting a 5% year-over-year decline, as total unit demand dropped 2%
80% confidence40% of office workers still prefer handwritten notes, despite using digital tablets
80% confidenceAmazon Basics captures 12% of online office supply sales
80% confidenceCustomers were using fewer office supplies and migrating to online shopping, reducing the ability to sell add-on items and making them more value-conscious. Staples will close about 225 stores by 2015, with expectations to cut costs by $500 million as a result.
80% confidenceThis transaction provides a substantial premium for shareholders and will improve the company's position for the next phase of growth. Atlas brings operational expertise and resources that will fast forward B2B growth initiatives.
80% confidence