Office Depot, LLC

Office Depot’s new CFO comes from the aerospace industry.

Office Depot on Thursday posted profit and revenue ahead of estimates and announced a "milestone" in its transformation to a business-services driven operation.

Office Depot continues to emphasize its business services offerings as it seeks to evolve from a traditional office-supplies retailer to a broader business services provider.

Office Depot took a first step toward its goal of transforming itself from a traditional office products retailer to a broader business services and technology products platform.  

Walmart could be making another bold move in the online delivery game.   Speaking at an advertising industry event in New York City on Wednesday, Marc Lore, president and CEO of Walmart eCommerce U.S., said that he expects the chain to offer free, same-day delivery  in New York City “very soon,” Bloomberg reported.  

Office supply retailer Office Depot has tapped a 30-year marketing veteran to lead its marketing efforts.    Office Depot announced that Jerri DeVard has been appointed executive VP and chief marketing officer. She will report directly to Office Depot CEO Gerry Smith.  

Staples is done trading on Nasdaq.   Sycamore Partners announced that it has completed its acquisition of the office supply giant. Under the terms of the deal, which was announced in June, Staples was acquired by the private equity firm in a transaction valued at approximately $6.9 billion.   

Office Depot is positioning itself to remove friction throughout its customers’ shopping experiences.    The office supplies giant is partnering with Elementum, which provides a real-time supply chain platform that unifies procurement, logistics, manufacturing and inventory operations. By leveraging the company’s cloud-based Product Graph solution, Office Depot will gain global visibility across every segment of its business operations.