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Office Depot B&M closing soon!!

Old 01-04-01, 01:35 AM
  #1  
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Join Date: May 2000
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Read this on another board. Looks like they are going belly up.
http://cnnfn.cnn.com/2001/01/03/comp...epot/index.htm
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Old 01-04-01, 10:21 AM
  #2  
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I don't know how many stores they have, but they aren't COMPLETELY closing...

Here is the best bits from that article:
quote:
The Delray Beach, Fla.-based company said it will close 67 underperforming stores in the United States and three in Canada, and will depart from the Boston, Phoenix, Cleveland and Columbus, Ohio, markets.

"We anticipate virtually all of theses stores will be completely liquidated and closed by they end of the first quarter," Nelson said in conference call.

As part of the restructuring, Office Depot plans to reduce the number of different products available, or "stock keeping units." This reduction will involve non-core items such as DVDs and children's software.

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Old 01-04-01, 10:22 AM
  #3  
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I'm pretty sure the guy didn't really use the word "theses" in his quote... Just a typo on CNNFN's part.
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