Office Depot (ODP)

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ODP Announces Major Store Shutdowns ODP announces closure of 112 in the next 3 months, in addition to an another 14 as their leases expire. Office Depot expects lower Q3 and Q4 earnings Office Depot announced that it expects lower Q3 and Q4 earnings than the earnings in the corresponding periods last year, stating that the company’s small business customers have reduced purchases due to the prevailing difficult conditions in the housing market. Analysts, such as Goldman Sachs and Citi Investment Research, also expect the company’s earnings to decrease in the coming quarters.

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