Office Depot To Close 400 Stores - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Office Depot To Close 400 Stores

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(WLNS) - Office Depot says it will be closing 400 stores in the U.S. over the next two years in addition to the 150 stores it is closing this year.
The office supply company is closing the stores as part of the plan to consolidate operations after buying rival Office Max this past November.
Currently Office Depot operates 1,900 stores in the U.S.
The company and rival Staples have been fighting declining sales as shoppers move their office-supply purchases to online retailers, mass merchants and other sources.
First quarter sales for Office Depot were down 3 percent compared to last year.

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