OfficeMax

Office Depot softened the blow of weak second quarter sales by bumping up the pace of 400 store closings to drive greater than expected operating profit growth and expense savings related to the merger with OfficeMax.

Boca Raton, Fla. – Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated. As previously announced, Office Depot plans to close at least 400 stores by the end of 2016, with about 165 closures in 2014.

As part of its efforts to generate traffic this back-to-school season, Office Depot is offering teachers in Florida a 20% discount off qualifying purchases during its Office Depot Rewards and MaxPerks Teacher Appreciation Events.

The events will be held at Office Depot and OfficeMax stores across Florida during select weeks this summer. In Florida, they’ll be taking place from August 2 through August 5.

Boca Raton, Fla. -- Office Depot Inc. is partnering with pop-rock quintet R5 on the retailer’s back-to-school “Gotta Get INSPIR5D” campaign. Through Sept. 30, at most Office Depot and OfficeMax store locations, customers can engage with an augmented reality experience with the band.

Former CVS, Macys and Sears executive Mark Cosby has a new role at Office Depot where he will serve as president of the company’s North American business.

A range of new Samsung brand smart printers and tablet computers are being added to the product mix at Office Depot and OfficeMax stores following an expanded partnership between the retailer and consumer electronics company.

With the official start of summer underway, one-third of small to medium-size business owners (SMBs) say they will not be able to take a vacation this year, according to the latest Small Business Index conducted by Office Depot.

Those who are able to get away this year can do so because they have reliable staff to cover for them while they are away from the office (35%) and have technology that keeps them connected no matter where they are (32%).

Office Depot is kicking off its latest back-to-school campaign — Gotta Get It! — which includes more than 1,000 items for $5 or less in stores and online. The company is also offering a new price-match policy to shoppers year-round to drive traffic to Office Depot and OfficeMax locations.