Office Depot Company History Timeline

(4,731 Jobs)
1986

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.

1988

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.

1990

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.

1991

In April 1991, it merged with Office Club, which provided an expansion to the West Coast.

1992

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.

1993

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.

1994

The merger of six additional contract stationers followed these purchases during 1994.

1997

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.

1998

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.

2000

In 2000, David Fuente stepped aside, and Bruce Nelson was appointed Chief Executive Officer.

2001

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.

2004

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.

2005

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.

2006

And in 2006 Office Depot celebrated its 20th anniversary, employing more than 50,000 people, with sales hitting the $15billion mark.

2008

Office Depot built a LEED Gold certified retail store in Austin, Texas, in April 2008.

2010

The Boca Raton headquarters was also awarded LEED Gold certification in September 2010.

2011

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.

2013

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.

2014

In May 2014, Office Depot announced the closure of four hundred stores, due to declining sales and customer migration to e-retailers.

2015

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.

2016

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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2017

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.

2018

Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2018 Office Depot, Inc.

2019

As of December, it had more than 90 million users and more than 1 million content creators, up from 120,000 in 2019.

2020

Office Depot announces next steps of its Viking+ programme 27 November 2020

2021

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

Ask Amy: A sudden death brings on sudden griefMy brother, “Harold” died unexpectedly from an infection in December.Sun SentinelUndoBoca Bash 2021 | PhotosThousands of boaters descended on Lake Boca in Boca Raton, Florida, for the annual Boca Bash party.Sun SentinelUndo

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Founded
1986
Company Founded
Headquarters
Boca Raton, FL
Company Headquarter
Founders
F. Sher
Company Founders

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