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Abstract:Office Depot is closing 50 stores in at least 20 states under its namesake and OfficeMax banners in 2019.
Office Depot reported Wednesday that quarterly sales fell 2% to $2.8 billion due to losses within its CompuCom and retail divisions.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 Business Insider's homepage for more stories.Office Depot reported Wednesday that its first-quarter sales fell 2% to $2.8 billion, due to losses within its CompuCom and retail divisions. CompuCom provides IT and consulting services to businesses, while the retail divison encompasses the company's Office Depot and OfficeMax stores. In announcing the earnings results, Office Depot CEO Gerald Smith said the company is taking “decisive actions” to put its business “back on target with its long-term expectations.” One of those actions involved closing stores. Office Depot plans to close 50 stores this year under both its namesake and OfficeMax banners, the company told Business Insider in late April.Several of the closing stores will shut down permanently on May 18, according to Shera Bishop, a spokeswoman for Office Depot. She said the closings are part of a three-year plan announced in 2016 to shutter roughly 300 stores.“Office Depot, Inc. continues to optimize its retail footprint as part of the three-year strategic plan announced in August 2016,” Bishop said. “We will continue to serve our customers at neighboring Office Depot and OfficeMax stores as well as online at officedepot.com.”The following stores are currently holding liquidation sales:Office Depot5601 E. Ramon, Palm Springs, California24500 Village Walk Place, Murrieta, California1160 El Camino Ave., Corona, California17450 Colima Road, Rowland Heights, California121 East El Camino Real, Sunnyvale, California652 Palomar Street, Chula Vista, California3245 N. State Road 7, Lauderdale Lakes, Florida650 N. University Drive, Pembroke Pines, Florida3245 State Bridge Road, Johns Creek, Georgia8331 W. Golf Road, Niles, Illinois706 E Lewis and Clark Parkway, Clarksville, Indiana13509 S. Mur Len Road, Olathe, Kansas28512 Telegraph Road, Southfield, Michigan1480 Old Aberdeen Road, Columbus, Mississippi700 Haddonfield-Berlin Rd Unit 38, Voorhees Township, New Jersey3018 W. Gate City Blvd., Greensboro, North Carolina785 Union Ave., Memphis, Tennessee7726 Polo Grounds Blvd., Memphis, Tennessee4297 Guide Meridian, Bellingham, Washington1535 W Mason St, Green Bay, WisconsinOfficeMax21001 North Tatum Blvd., Phoenix, Arizona860 East Broadway Avenue, Tucson, Arizona1707 J Street, Sacramento, California20455 State Road 7, Boca Raton, Florida2615 Peachtree Parkway, Suwanee, Georgia13406 Archer Avenue, Lemont, Illinois5020 SE 14th Street, Des Moines, Iowa1601 Market Place Drive Great Falls, Montana2703 County Rd 541 Suite 5, Burlington Township, New Jersey5801 Mercury Drive, Dearborn, Michigan2845 Veterans Memorial Pkwy., Saint Charles, Missouri600 Elm Ridge Center Dr., Greece, New York41 N. Nellis Blvd., Las Vegas, Nevada7255 SW Dartmouth St., Tigard, Oregon12006 120th Place NE, Kirkland, Washington1629 North Central Avenue, Marshfield, WisconsinThe South Florida Business Journal first reported the 50 store closures. If a closing store is missing from this list, email hpeterson@businessinsider.com.
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