— — Staples is acquiring Office Depot, a merger of two companies so similar it’s hard to see how they co-existed in the competitive retail space. The brick-and-mortar office supply business has been rolling up for a while. Office Depot itself merged with Office. Max in 2013.
The main difference between Staples and Office Depot is that Staples had better revenues and profits, while Office Depot prices tend to be cheaper than Staples for everyday items. Office Depot offers more discounts and promotions than Staples.
Both chains come under the microscope now that talks of a merger have emerged. Exterior of Office Depot, left, and Staples. — — Staples is acquiring Office Depot, a merger of two companies so similar it’s hard to see how they co-existed in the competitive retail space.
On February 4, 2015, Office Depot agreed to be acquired by rival Staples for $6.3 billion. However, on December 7, the Federal Trade Commission voted to block the merger.
You may be thinking “Will Staples acquire Office Depot?”
On Friday, Staples made a fourth attempt to acquire ODP, home to the combined Office Depot and Office Max, via a billion dollar offer for the company’s consumer-facing businesses. Staples and ODP’s businesses have been declining for years.
Exterior of Office Depot, left, and Staples. — — Staples is acquiring Office Depot, a merger of two companies so similar it’s hard to see how they co-existed in the competitive retail space. The brick-and-mortar office supply business has been rolling up for a while. Office Depot itself merged with Office. Max in 2013.
So, will OfficeMax and staples become one company?
Here’s how to manage Social Security, savings ODP also suggested a potential joint venture as an alternative arrangement. Staples had offered $40 per share for ODP, whose shares closed at $45.86 on Friday. If Office Depot, Office. Max and Staples become one company, it’s unclear whether there would be any store closures or name changes.
Are OfficeMax and Office Depot the same company?
Office supply chains Office Depot and Staples could soon be one and the same as far as shoppers are concerned. The company that owns Office Depot and Office. Max disclosed Tuesday that it had rejected an unsolicited takeover offer from the company that owns Staples.
What type of Business is Staples?
Staples Inc. is an American office retail company. It is primarily involved in the sale of office supplies and related products, via retail channels and business-to-business (B2B)-oriented delivery operations. At some locations, Staples also offers a copy and print service.
In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and Office, and max. However, the purchase was blocked under antitrust grounds due to the consolidation that would result.
Another thing we wanted the answer to was; does Staples own Tops Friendly Markets?
In August 2006, Ahold announced the addition of the Staples section to all Tops Friendly Markets locations as well. In 2008, Staples acquired Dutch office supplies company Corporate Express, one of the largest office supply wholesalers in the world.
Is Office Depot going out of business 2021?
Both companies continue to close stores at a steady rate: from 2017 to 2021, Staples and Office Depot closed 545 and 255 stores, respectively. Competitors, on the other hand, grow.