DELRAY BEACH, Fla.----Office Depot , a leading global provider of office products and services, and MWV Consumer & Office Products, a division of MeadWestvaco Corporation , and leading manufacturer of planning and organizing tools, office products and school supplies, today announced the launch of AT-A-GLANCE® Personalize It!® calendars, a new line of customizable calendars available exclusively at nationwide Office Depot retail locations.
Staples Inc posted a quarterly profit that edged past analysts' expectations and announced an improved cost-savings outlook on Tuesday, sending its shares up nearly 6 percent.
Staples Inc., the largest U.S. office supplies chain, says that its third-quarter profit dropped 43%, hurt by customers cutting back on the purchases of furniture, computers and business machines in the face of the declining economy.
DELRAY BEACH, Fla.----Office Depot , a leading global provider of office products and services, today announced that statistics continue to support the claim that “green” is important for today’s business professionals and consumers.
Staples Inc. reports results for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
Office Depot (NYSE:ODP), a leading global provider of office products and services, and MWV Consumer & Office Products, a division of MeadWestvaco Corporation (NYSE:MWV), and leading
Staples Inc posted a quarterly profit that edged past analysts' expectations and announced an improved cost-savings outlook on Tuesday, sending its shares up nearly 6 percent.
Office Depot (NYSE:ODP), a leading global provider of office products and services, today announced that statistics continue to support the claim that ?green? is important for today?s business
CHICAGO (AP) - Staples Inc. reports results for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
McAfee, Inc. (NYSE:MFE) today announced that Office Depot (NYSE:ODP), a leading global provider of office products and services, will provide McAfee Internet security solutions to customers through
As the market wobbles, Staples (NASDAQ: SPLS) is thriving. Monthly consumer spending at Staples is up 13% for the year. The average customer spent $78.94 in October 2008 up from $69.86 per visit in January 2008, according to data from the new Main Street Spending Index ((MSSI)) compiled by Geezeo.
Circuit City Stores Inc.’s (CC) filing for Chapter 11 bankruptcy protection on Monday came on the heels of its announcement that it would close 155 of its more than 700 stores in the United States. More locations will likely disappear in the next few quarters and the entire chain may eventually be liquidated. But what does this all mean for the companies Circuit City does business with?
Hewlett-Packard Co. (HPQ) sits atop the list of its unsecured creditors, but...
Every quarter, public companies are required to hold conference calls to discuss their most recent results. You can usually access a recording of a company's last conference call on the investor relations section of its website. While the written filings of management do give facts and some discussion of results, on the conference calls investors can get a little bit more color on management's thoughts, especially during the Q&A period.
Although it's rare, sometimes management will even comment directly on the company's stock price. For example, here's an assertion from Office Depot (ODP) CEO Steve Odland on the...
Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday November 4.
Taking Profits
Cramer says the current market is overbought and is looking stronger after a tempestuous October. Share prices are rising, shorts are being squeezed and there are more buyers than sellers. Cramer would sell some stocks and trim positions in others. He recommends buying recession-resistant stocks that are trading at or near their cash levels and have seen their dividends rise as their share prices have fallen. "It's time to take profits before they disappear," said Cramer. "Be ready to buy, buy, buy when the...
Office Depot (ODP) saw its shares soar by 48% on Friday, as the office supply chain told investors that liquidity was far from running out, juxtaposed with the decision to close some North American stores and sell some assets because of slumping sales.
Short positions have declined in the past three weeks, and the percentage of ODP's Market Cap out on loan to short investors (%MCOL) decreased from 5.5% (on October 7) to 3.5% (now). Utilisation, or the percentage of the supply out on loan, is low at 15%.
Asia surges, then retreats. Asian stock markets erased most of their early gains Wednesday (see below) despite a huge Wall Street rally, with the exception of Japan's Nikkei which stormed to a 7.7% gain on hopes the Bank of Japan will halve its interest rate to 0.25% from 0.5% this week. "Investors are wary that we are going to see prices back down again," one broker said of the midday jitters. "Everybody is taking profits on everything they bought in the last couple of days," a trader noted. ABN Amro's Alexandra...
Office Depot (ODP) is expected to report Q2 earnings before market open Wednesday, October 29, with a conference call scheduled for 9:00 am.
Guidance
Analysts are looking for a profit of 8c on revenue of $3.85B. The consensus range is 4c to 16c for EPS, and revenue of $3.8B to $3.9B, according to First Call. Shares of specialty retailers have been losing ground on concerns of the slumping economy. The company also faces stiff competition from Staples (SPLS) and OfficeMax (OMX), as well as higher fuel prices and lower consumer sentiment.
lt's pretty sad when the list of the 20 best performing stocks in the S&P 500 year to date aren't all up on the year. But that is the case so far in 2008. Currently, just 18 stocks in the index are in the black this year, while 183 stocks (37%) are down more than 50%.
As shown below, Family Dollar (FDO) has been the best performing stock in the S&P 500 year to date -- up 30.27%. FDO is followed by Rohm & Haas (ROH), Big Lots (BIG),...
Office Depot says contract sales of environmentally preferable products in its Green Book increased by more than 10 percent in 2007 to $724 million from $660 million in 2006. According to an ...
DELRAY BEACH, Fla.--(BUSINESS WIRE)--Office Depot (NYSE:ODP), a leading global provider of office products and services, and MWV Consumer & Office Products, a division of MeadWestvaco Corporation ...
Casino, Metro and Office Depot among 19 top buyers scheduled to meet Greater China suppliers at exclusive sourcing events covering categories including TVs & displays, toys, sporting goods and hea ...
Black Friday came and went, but it had little bearing on how Staples (Nasdaq: SPLS) sees the holiday shopping season shaping up. Seeing the same soft trends that have been plaguing the industry ...
The first 100 customers at local Office Depot stores between 9 am and noon Saturday (Dec. 6) will receive a coupon for $10 off $10 on a qualifying purchase. However, as usual, there are some ...
Office Depot and Staples in Wenatchee both have recycling programs for computers and electronics. Each charges a small fee. Joe Clark, store manager of Office Depot, says the company program has ...
By Christine Pratt WENATCHEE ? An ambitious new state-mandated free recycling program for old computers and televisions is set to launch Jan. 1, but local recycling experts are bracing for a shaky ...
PRLog (Press Release) ? Dec 03, 2008 ? WinWeb?s OnlineOffice? provides small businesses with a comprehensive offering of integrated business and administrative tools, including accounting software ...
Tampa, Florida - Hillsborough County Commissioner Kevin White says he will ask commissioners to authorize the county's Internal Performance Auditor to investigate Office Depot's billing practices ...
By Sarah Coffey NEW YORK, Dec 2 (Reuters) - Staples (nasdaq: SPLS - news - people ) Inc posted a quarterly profit that edged past analysts' expectations and announced an improved cost ...
U.S. stocks close sharply lower as auto executives plead for federal aid and in the aftermath of mostly dismal retail-sales results and layoffs from corporate giants including AT&T Inc. and DuPont Co.
Staples Inc., the largest U.S. office supplies chain, says that its third-quarter profit dropped 43%, hurt by customers cutting back on the purchases of furniture, computers and business machines in the face of the declining economy.
The retail sector reversed course along with the broader market early Wednesday as Saks Inc. shares shed almost 9% a day after the upscale department story said it swung to a loss in the third quarter.
Heading into the key holiday season, retailers may be in for more tough times, according to Joe Feldman, senior research analyst at Telsey Advisory Group. Kelsey Hubbard reviews the sector's latest round of results. (Nov. 6)
The zigzag trading pattern of the stock market continues as retail shares jump despite a Commerce Department report that showed the U.S. economy contracted in the third quarter as consumer spending declined at the fastest pace in 28 years.
Office Depot swings to a third-quarter loss after business and regular retail customers alike hold back on office supply orders against the downturn in the economy.
NEW YORK (MarketWatch) - Retail shares opened lower Wednesday, led by home- furnishings retailer Williams-Sonoma Inc., which slashed its sales and profit outlook for the second half after sales slowed significantly more than it expected.
NEW YORK (MarketWatch) -- Office Depot Inc. said Wednesday it lost $7 million, or 2 cents a share, in its third quarter, compared to net income of $117 milllion, or 43 cents a share in the year-ago period. The Delray Beach, Fla. retailer said it lost a penny a share on an adjusted basis in the most recent quarter. Adjusted results in the latest quarter include charges of 8 cents a share. Sales dropped 7% to $3.7 billion. Wall Street analysts expected earnings of 8 cents a share on revenue of $3.85 billion. Office Depot continues to engage in...
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