Office Depot was founded in October 1986 by F. Patrick Sher, Stephen Doughtery, and Jack Kopkin, who became the company's chairman and chief executive officer, the president, and executive vice president respectively.
The first store, located at the Lakes Mall in Lauderdale Lakes, Florida, opened in October 1986.
Office Depot, Inc. was founded in 1986 and opened its first store in Fort Lauderdale, Florida.
Office Depot was founded in 1986 and opened its first store in Fort Lauderdale, Florida.
The company announced its initial public offering of stock, and went public in December 1988.
Office Depot went public with a listing on the NASDAQ in 1988.
By the end of 1990 Office Depot had grown to almost 200 stores with sales topping $626million.
The results were dramatic: By the end of 1990 Office Depot had 173 stores in 27 states.
In April 1991, it merged with Office Club, which provided an expansion to the West Coast.
Early 1992 marked the Company's acquisition of H.Q. Office International, Inc., which included the Great Canadian Office Supplies Warehouse chain in western Canada.
In 1993, Office Depot entered the rapidly consolidating contract stationer business by acquiring two market leaders: Wilson Stationary & Printing Company and Eastman Office Products Corporation.
The merger of six additional contract stationers followed these purchases during 1994.
On July 18, 1997, the Federal Trade Commission (FTC) reported that a federal district court in Washington, D.C. granted their request for a preliminary injunction, blocking Office Depot and Staples from merging as one company.
Office Depot entered the European and Australian direct mail market, after acquiring Viking Direct in May 1998.
In 1998, Office Depot merged with Viking Office Products, a public company based in The Netherlands and the world’s leading direct mail marketer of office supplies – making the company the leading provider of office products and services on the planet.
In 1998, Office Depot merged with Viking Office Products, a public company and the world's leading direct mail marketer of office products.
In 2000, David Fuente stepped aside, and Bruce Nelson was appointed Chief Executive Officer.
In December 2001, Viking Direct expanded to Central America with new retail stores in El Salvador, Guatemala, and Costa Rica through a joint licensing agreement.
Worldwide e-commerce sales in 2004 totaled $3.1 billion.
New Leadership Opens Exciting New Chapter in Company History In 2004, Neil R. Austrian assumed the role of Interim Chairman and CEO. During that period, the Company restated its commitment to continue Office Depot's strategic direction to grow the business and improve financial performance.
Steve Odland was then named Chairman and CEO of Office Depot in March of 2005.
The following year, the Company launched its first European e-commerce site, www.viking-direct.co.uk, in the U.K. By 2005, the Company had over 30 international Web sites.
In early 2005 Office Depot launched a strategic marketing campaign which consisted of new advertising, brand positioning and the reintroduction of the Company's famous Taking Care of Business tagline.
And in 2006 Office Depot celebrated its 20th anniversary, employing more than 50,000 people, with sales hitting the $15billion mark.
Office Depot built a LEED Gold certified retail store in Austin, Texas, in April 2008.
The Boca Raton headquarters was also awarded LEED Gold certification in September 2010.
In 2011, Office Depot and OfficeMax merged to create Office Depot Inc.; an even stronger, more efficient provider of business products, services and solutions for every kind of workplace.
In 2011, Neil R. Austrian stepped into the role of Chairman and CEO. The executive team is now focused on driving profitable growth by exceeding the expectations of its customers and building shareholder value.
On February 20, 2013, it was announced that Office Depot and OfficeMax would combine in an all stock deal, pending regulatory approval and stockholder approval.
On November 5, 2013, Office Depot and OfficeMax completed their merger.
The merger was completed on November 5, 2013.
In May 2014, Office Depot announced the closure of four hundred stores, due to declining sales and customer migration to e-retailers.
On February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot, in a cash and stock deal worth approximately $6.3 billion.
However, the Federal Trade Commission voted to block the merger in December 2015.
The United States District Court for the District of Columbia granted the FTC a preliminary injunction against the merger on May 10, 2016, resulting in the proposed merger's termination.
In 2016, after an unsuccessful merger with Staples, Office Depot Inc. reached an agreement with the AURELIUS Group for them to acquire the European operations of Office Depot.
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Office Depot sold Office Depot Europe (Viking Direct's parent) to an investment firm in September 2017.
In 2017 the Board of Directors appointed Gerry P. Smith as Chief Executive Officer of Office Depot, Inc.
Grand&Toy is a trademark of Grand & Toy, LLC in Canada. Â©2018 Office Depot, Inc.
As of December, it had more than 90 million users and more than 1 million content creators, up from 120,000 in 2019.
Office Depot announces next steps of its Viking+ programme 27 November 2020
NEU and Daily Mirror launch Help a Child to Learn appeal with £1m for schools 27 January 2021
Office Depot Europe sells Italian business to strategic buyer Bruneau Group 22 March 2021
Office Depot Europe completes rollout of SAP Commerce Cloud in Belgium and Luxembourg in alignment with its Viking+ Programme 22 April 2021
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|Company Name||Founded Date||Revenue||Employee Size||Job Openings|
The Home Depot1978
Viking Office Products1960
DICK'S Sporting Goods1948