Office Depot has appointed D. Anthony Scaglione as evp/chief financial officer, effective July 20, 2020. As CFO, Scaglione will report directly to CEO Gerry Smith and be a member of the executive committee.
Office Depot has completed a previously announced feasibility review, and its board of directors approved proceeding with the implementation of a holding company reorganization.
Although comps slipped in its retail division, Office Depot posted higher earnings in the fourth quarter and fiscal year.
Negatively impacted by a decline in same-store sales and lower sales in its CompuCom division, Office Depot reported a drop in revenue in the second quarter.
The office superstore category has been a dynamic retail channel over the past few years, but, at Office Depot, Carolyn Feuer has stood out for her ability to keep the furniture business there moving forward.
In a challenge to Amazon and its business-to-business operations, Alibaba.com has opened its platform to permit companies in the United States to sell their products to millions of Alibaba.com buyers in the U.S. and around the globe, with special emphasis on B2B enterprises.
Office Depot reported a sales decline in its first quarter ended March 30, 2019, and kicked off a business acceleration program to reduce costs and improve business operations.
Office Depot has appointed Stephen Mohan as evp/business solutions division, effective May 13. Mohan will report directly to Gerry Smith, chief executive officer.