Office Depot has completed a previously announced feasibility review, and its board of directors approved proceeding with the implementation of a holding company reorganization.
Staples said it has debuted Staples Connect in the Boston area, a reinvented store with coworking, podcasting and community event spaces where professionals, teachers and students alike can connect and grow together.
To address the evolving workplace, Staples is launching Staples Studio, an in-store concept that offers customers access to a collaborative workspace with private or shared offices, community kitchens and meeting rooms, and a range of additional membership benefits.
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.
Staples and Essendant have extended the expiration time of their previously announced tender offer, the companies have announced.
Consumer spending for the back-to-school/college shopping season is expected to be slightly less than 2017, according to an annual survey from the National Retail Federation and Prosper Insights & Analytics.