Office Depot

The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedi ass supply chain and distribution operations, dedicated sales professionals, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. The ODP Corporation is an American office supply retailer headquartered in Boca Raton, Florida. The company operates 922 retail stores in the United States under the Office Depot and OfficeMax brands,[4] as well as e-commerce sites and a business-to-business sales organization. The company has combined annual sales of approximately $7 billion, and employs about 45,000 people in the United States. Office Depot was founded in October 1986 (38 years ago) by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin, who became the company's chairman and chief executive officer, the president, and executive vice president respectively. All three were formerly associated with Mr. HOW Warehouse, a home improvement company that Sher sold to Service Merchandise in 1983.[citation needed] The first store, located at the Lakes Mall in Lauderdale Lakes, Florida, opened in October 1986. The company announced its initial public offering of stock, and went public in December 1988. ...view more