OfficeMax

NAPERVILLE, Ill. — With new clothes and supplies topping the list of what most parents are shopping for during back-to-school season, it makes sense that OfficeMax and Old Navy would join forces to maximize their offerings, delivering savings for customers and sales for them.

NAPERVILLE, Ill. — OfficeMax has launched a new delivery program that reuses and recycles boxes it uses for deliveries to business customers. The new program – Boomerang Box by OfficeMax – is projected to reduce box consumption by 80% among participating businesses.

FRAMINGHAM, Mass. — First it was OfficeMax, now Staples reported sales and earnings that were reflective of a struggling retail sector. The company reported that total sales for the first quarter of 2012 were $6.1 billion, a decrease of 1% in U.S. dollars and flat on a local currency basis compared with the first quarter of 2011. Net income for the first quarter of 2012 decreased 6% year-over-year to $187 million. Diluted earnings per share, on a GAAP basis, decreased 4% t to 27 cents from 28 cents achieved in the first quarter of 2011.

Yorkville, Ill. -- Tucker Development Corp. said that Athens Gyros & Kebabs will open a location at Yorkville Marketplace, located in Yorkville, Ill.

The Middle Eastern restaurant signed a lease to occupy a 1,258-sq.-ft. space within the 145,000-sq.-ft. shopping center anchored by Jewel-Osco and OfficeMax.

Philadelphia -- Management consulting firm Hay Group reported Tuesday that employee turnover levels in the retail industry are on the rise.

According to a new survey from Hay Group, an improving job market and solid first quarter sales are impacting turnover. Retailers report a median turnover rate of 67% for part-time store workers, a 33% increase over 2011. One in five retailers report that they have experienced more turnover in the first part of 2012.

Naperville, Ill. -- OfficeMax Inc. reported Tuesday that net income for the quarter ended March 31 slid to $4.9 million, compared with $11.4 million in the year-ago period. Results were hampered by charges related to U.S. store closures.

Total sales edged up 0.5% to $1.9 billion. In the retail segment, sales dipped 2.7% to $912.3 million; same-stores sales fell 2.1%.

NAPERVILLE, Ill. — Charges related to store closures in the United States caused OfficeMax's first quarter net income to drop from $4.9 million, or 6 cents per diluted share, compared with $11.4 million, or 12 cents per diluted share, in the first quarter of 2011. Adjusting for these charges, net income for the quarter was $20.3 million, or 23 cents per diluted share, compared with $11.4 million, or 13 cents per diluted share for the same period last year.

DEERFIELD, Ill. — Walgreens has named Reuben Slone as SVP supply chain management, where he will have leadership responsibility for distribution, transportation, systems integration and engineering, Lean and Six Sigma supply chain initiatives and community outreach.

Slone will join Walgreens May 16 and will report to Walgreens president of community management Mark Wagner.