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Office Depot

Office Depot is a supplier of office products such as core office supplies, print and document services, business services and facilities products. Read more

Gerry Parrish Smith's photo - CEO of Office Depot

CEO

Gerry Parrish Smith

CEO Approval Rating

76/100

Founded:

1986

Status:

PublicIndependent CompanyNASDAQODP

OFFICE DEPOT TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

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EMPLOYEES

FUNDING

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Staples is a top competitor of Office Depot. Staples is a Private company that was founded in 1985 in Framingham, Massachusetts. Staples operates in the E-Commerce industry. Compared to Office Depot, Staples has 31,000 more employees.

Amazon is seen as one of Office Depot's biggest rivals. Amazon was founded in 1994, and is headquartered in Seattle, Washington. Amazon is in the E-Commerce industry. Amazon generates $409.8B more revenue vs. Office Depot.

Walmart is seen as one of Office Depot's top competitors. Walmart was founded in Bentonville, Arkansas} in 1962. Walmart competes in the Discount Stores industry. Compared to Office Depot, Walmart generates $553.5B more revenue.

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Office Depot Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$9.4B

Office Depot's revenue is the ranked 15th among it's top 10 competitors. The top 10 competitors average 96.1B. Over the last four quarters, Office Depot's revenue has grown by 9.6%. Specifically, in Q1 2021's revenue was $2.4B; in Q4 2020, it was $2.3B; in Q3 2020, it was $2.5B; in Q2 2020, Office Depot's revenue was $2.2B.

Office Depot Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Buyerquest Holdings, Inc.

Feb 2021

Source »
undisclosed
BuyerQuest is a cloud-based Procure-to-Pay platform that streamlines corporate buying processes and allows customers to increase user adoption.
Complete Office

Oct 2017

Source »
$150M
Complete Office offers furniture, business printing, custom stamps, hammers and cleaning equipment.
CompuCom Systems, Inc.

Oct 2017

Source »
$1B
CompuCom provides IT staffing, asset lifecycle management and networking solutions for financial and retail industries.

-

Officemax, Inc.

Nov 2013

Source »
$1.2B
-

-

Best Office Co., Ltd

Feb 2006

Source »
undisclosed
-

These are all the companies that Office Depot has acquired. Office Depot has acquired 9 companies and its latest acquisition was Buyerquest Holdings, Inc. in Feb 2021. BuyerQuest is a cloud-based Procure-to-Pay platform that streamlines corporate buying processes and allows customers to increase user adoption.

Office Depot Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
May 1988
--

Since Office Depot was founded in 1986, it has participated in 1 round of funding. In total Office Depot has raised $0. Office Depot's funding round was on May 1988 for a total of $0

Office Depot Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Centriq Technology provides a home management platform that allows users to avail photo-based repair and maintenance services for their home appliances.
$4.8M
Jun 18, 2017
Equity
-

These are all the companies that Office Depot has invested in. Office Depot has invested 9 companies and its latest investment was Buyerquest Holdings, Inc. in Feb 2021. BuyerQuest is a cloud-based Procure-to-Pay platform that streamlines corporate buying processes and allows customers to increase user adoption.

Office Depot News

June 3, 2021Markets Insider

Zimmerman Advertising Hired by Office Depot as a Partner for Strategy and Creative

FORT LAUDERDALE, Fla., June 3, 2021 /PRNewswire/ -- Zimmerman Advertising, an Omnicom Group company a... See more »
June 2, 2021MarketScreener

Office Depot Releases 13th Annual Diverse Supplier Catalog

(marketscreener.com) 2021 Catalog Showcases More Than 1,700 Products Offered by Certified Minority-, ... See more »
May 28, 2021Poc Network

Office Depot continues to close stores and lay off workers

This month, last year, Office Depot had announced that it was looking to close a number of its store ... See more »
May 13, 2021Global Legal Chronicle

The ODP Corporation's Spin Off of its B2B Solutions Provider

Simpson Thacher advised The ODP Corporation on the deal. The ODP Corporation (the "Company") announce... See more »
May 6, 2021Wirth Consulting

Office Depot Plans to Split into Two Companies

Plans to spin-off B2B group as independent, publicly traded company.... See more »

Office Depot Press Releases

March 23, 2021Business Wire

The ODP Corporation to Participate in the Sidoti & Company Spring Virtual Investor Conference Wednesday, March 24, 2021

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP), a leading provider of business s... See more »
February 22, 2021Business Wire

The ODP Corporation Teams Up with Microsoft to Transform How Businesses Buy and Sell

BOCA RATON, Fla. & REDMOND, Wash.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP), a leading prov... See more »
January 11, 2021PR Newswire

USR Parent, Inc. Proposes To Acquire ODP

FRAMINGHAM, Mass., Jan. 11, 2021 /PRNewswire/ -- USR Parent, Inc. ("Staples") today said it has sent ... See more »
November 22, 2020Business Wire

Early Computers, Office & School Supplies, Furniture & More Savings Reported by Retail Fuse

BOSTON--(BUSINESS WIRE)--Black Friday 2020 deals featuring all the top early Staples & Office Depot d... See more »
November 18, 2020Business Wire

Best Early Computers, Printers, Scanners & More Deals Compared by The Consumer Post

BOSTON--(BUSINESS WIRE)--The top early Staples & Office Depot deals for Black Friday 2020, featuring ... See more »
November 9, 2020Business Wire

'Keep Business and School Going' with Office Depot's Black Friday and Cyber Monday Deals

BOCA RATON, Fla.--(BUSINESS WIRE)-- #keepbusinessgoing--Office Depot unveils Black Friday and Cyber M... See more »
October 27, 2020Business Wire

Office Depot's Charitable Programs Provide Over $3.5 Million in Educational Supplies to Students, Teachers and Title I Schools

BOCA RATON, Fla.--(BUSINESS WIRE)-- #depotdifference--Office Depot, a wholly owned subsidiary of The ... See more »

Social Media

Office Depot Headquarters

6600 North Military Trail

Boca Raton, Florida33496

561-438-4800

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Office Depot Summary

ABOUT

Overview

Office Depot, Inc. (NASDAQ: ODP) is a supplier of office products and business services. It was founded by F. Patrick Sher in 1986 and headquartered in Boca Raton, Florida with 56,000 employees. It operates as a subsidiary of Staples, Inc after its ac...

CEO

Office Depot's CEO, Gerry Parrish Smith, currently has an approval rating of 76%. Office Depot's primary competitors are Staples, Amazon & Walmart.

Frequently Asked Questions about Office Depot

  1. When was Office Depot founded?

    Office Depot was founded in 1986
  2. Who is Office Depot's CEO?

    Office Depot's CEO is Gerry Parrish Smith
  3. How much revenue does Office Depot generate?

    Office Depot generates $9.4B in revenue
  4. How much funding does Office Depot have?

    Office Depot has historically raised $0 in funding
  5. Where is Office Depot's headquarters?

    Office Depot's headquarters is in Boca Raton Florida, USA
  1. How many employees does Office Depot have?

    Office Depot has 44,000 employees
  2. What sector does Office Depot operate in?

    Office Depot is in Office Products, E-Commerce, Logistics, Wholesalers & Retail Distributors
  3. Who are Office Depot's competitors?

    Office Depot's top competitors are Staples, Amazon, Walmart
  4. Who has Office Depot invested in?

    Office Depot's has invested in companies such as Centriqhome