|By PR Newswire||
|August 4, 2014 02:30 PM EDT||
NEW YORK, Aug. 4, 2014 /PRNewswire/ -- Over the years the internet has greatly impacted the shopping habits of consumers by offering the same products at lower prices mostly due to lower overhead costs. Unsurprisingly, the $230 billion office supply market is not immune to this change. Further weighing on this industry are lower computer sales, changing workplace behavior, and increasingly advanced technology and mobile use. Despite the evolving landscape, some companies are adapting to these changes. One such company is Office Depot, whose recent merger with OfficeMax at the end of 2013 allows it to better compete in the marketplace.
Office Depot, Inc. (NYSEMKT: ODP) is a global supplier of office products and services to consumers and businesses of all sizes. The company divides its business into three reportable segments: the North American Retail Division, the North American Business Solutions Division, and the International Division. In total, ODP sells to customers in more than 57 countries throughout North America, Europe, Asia/Pacific, and Latin America using their online presence and network of over 2,000 retail stores. The company also provides copying, printing, digital imaging, reproduction, mailing, shipping, and other services.
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