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Office Depot

Breaking News about Office Depot:

Office Depot Shares Soaring Nearly 20% As Retailer Vows To Close 400 Stores

Source: Business Balla | May 6 2014, 10:48am CDT | by Forbes

When office supply retailer Staples announced in March that it will shutter 225 stores over the next year, investors...
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Office Depot, Pratt & Whitney approved for millions in job incentives

Aug 20 2014 6:35am CDT | Source: South Florida Business Journal

Office Depot will get $5 million in state and local tax revenues to add high-paying jobs to its Boca Raton headquarters, and Pratt & Whitney will receive $2.3 million in subsidies to expand its jet-engine operations west of Jupiter. The Palm Beach County Commission on Tuesday approved its share of tax breaks for the two companies. Office Depot stands to get $3 million in cash from the state, plus ...
Full article at: South Florida Business Journal
 

 

What To Expect When Staples Reports Earnings

Aug 18 2014 11:02pm CDT | Source: SeekingAlpha

By Bargain Bin:Staples (NASDAQ:SPLS), the leading office supply retailer, hasn't been having a great year. The stock is down significantly since the beginning of the year, and disappointing earnings for both the fourth quarter of 2013 and the first quarter of 2014 led to steep declines.SPLS data by YChartsThe company is struggling with declining comparable store sales, and Staples along with rival Office Depot (NYSE:ODP) are planning to close hundreds of stores over the next few y ...
Full article at: SeekingAlpha
 

 

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Staples: A Value Trap?

Aug 15 2014 3:10am CDT | Source: SeekingAlpha

By Anthony Ruben:Six months ago, while screening for attractive high yielding, highly rated stocks, I came across Staples (NASDAQ:SPLS). Recently, SPLS has jumped over 5%, so I wanted to see if anything had changed. Upon further analysis, I believe SPLS is a value-trap. The Company has a modest 11.8 forward PE and a high, 4.3%, dividend. These positives may shield, at first glance, investors from noting the negativ ...
Full article at: SeekingAlpha
 

 

Staples Looks Cheap, But It Is Not Yet Time To Buy

Aug 14 2014 12:44pm CDT | Source: SeekingAlpha

By George Hanley:An investment in office supply giant Staples (NASDAQ: SPLS) has not been a winning move over the past year with the company's share price down more than 30%. Staples continues to be negatively impacted by lower customer traffic volumes, a negative multi-year trend that has also hurt the financial results of competitor Office Depot (NYSE: ODP). Case in point was Staples' performance in its latest fiscal quarter, which included a 4% comparable sto ...
Full article at: SeekingAlpha
 

 

Office Depot sales rise, hundreds of stores still closing

Aug 5 2014 12:07pm CDT | Source: South Florida Business Journal

Office Depot officials are optimistic as the company's sales rise, though its losses were greater in the second quarter. Results revealed that the office supply company posted a net loss of $190 million, or a loss of 36 cents a share. In the second quarter of 2013, the company posted a net loss of $64 million. However, sales grew 59 percent in the year-over-year comparison, from $2.42 million to $3.84 million. Adjusted net ...
Full article at: South Florida Business Journal
 

 

Market Snapshot: U.S. markets: Futures wait for cues from fresh data

Aug 5 2014 4:57am CDT | Source: MarketWatch

Wall Street may struggle to build on Monday’s gains if stock futures are any indication. Investors are waiting on services and factory-order data, and for earning ...
Full article at: MarketWatch
 

 

Is There Light at the End of the Tunnel for Staples and Office Depot?

Jul 23 2014 8:00am CDT | Source: Fool.com

In recent years, both Staples and Office Depot have faced serious trouble. Despite their falling sales, though, it's beginning to look like both companies have a chance to not just survive, but thrive, if management can place greater emphasis on a couple of different, but vital, areas o ...
Full article at: Fool.com
 

 


 

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