Looks like Office Depot ain't doing so hot either - Closing 112 Stores

Toggle sidebar Toggle sidebar
aphex

aphex

Moderator<br>All Things Apple
Moderator
Jul 19, 2001
38,572
2
91
http://gizmodo.com/5106454/off...ot-to-close-112-stores

Financiapocalypse has claimed yet another victim. This time it is Office Depot?and they are planning to close 112 stores, or 9% of their North American locations over the next three months.

A list of the store closings has not been made available, but the breakdown will look like this: "45 stores in the Central U.S., 40 in the Northeast and Canada, 19 in the West and eight in the South." They are also shuttering six of their 33 distribution facilities and scaling back openings to 20 in 2009.
Click to expand...

To be honest, i'm kinda surprised they have stayed around this long. I imagine the office supplies are the only thing keeping them going, but with stiff competition from Staples and Office Max, I wonder who is doing the best.

I stopped shopping at OD years ago when they started to exclude Technology items from all their coupons.
 
ElFenix

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,389
8,547
126
Originally posted by: Gibson486
How does all this happen, but Radioshack still stay in business?
Click to expand...

office depot isn't going out of business. it is closing stores that underperform its cost of capital. its something that should happen even during good times, but for psychological reasons people tend not to do it during good times.
 
Gibson486

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
Originally posted by: ElFenix
Originally posted by: Gibson486
How does all this happen, but Radioshack still stay in business?
Click to expand...

office depot isn't going out of business. it is closing stores that underperform its cost of capital.
Click to expand...

I know they are not going out of business....but how is radioshack still in business? I never see anyone in that store. How do they afford the mall rent? Do they really sell that many fuses and relays?
 
kranky

kranky

Elite Member
Oct 9, 1999
21,019
156
106
I won't be surprised if the OD near me closes. I've been there numerous times and most times there might be 1 or 2 customers there. There's an Office Max about a mile away anyway.
 
BoomerD

BoomerD

No Lifer
Feb 26, 2006
65,582
13,956
146
It'll suck if they close the one here. The nearest Staples is about 10 miles away and Office Max is ghetto as hell...they built a brand new store about 5 years ago...and it was ghetto the minute it opened...
 
ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Originally posted by: DisgruntledVirus
Originally posted by: dNor
Hopefully Staples stays strong. I :heart: Staples.
Click to expand...

Maybe staples to close your ass shut when Atlanta football players are done with you...
Click to expand...

Damn, that was a wee bit harsh....
 
Gibson486

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
Originally posted by: kranky
I won't be surprised if the OD near me closes. I've been there numerous times and most times there might be 1 or 2 customers there. There's an Office Max about a mile away anyway.
Click to expand...

I hope it does not happen near me. If it does, all we will have is Staples and an Office max that is 30 miles away. If it does happen though...it's time to buy a new printer...provided they do not mark it up....
 
Gibson486

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
Originally posted by: BoomerD
It'll suck if they close the one here. The nearest Staples is about 10 miles away and Office Max is ghetto as hell...they built a brand new store about 5 years ago...and it was ghetto the minute it opened...
Click to expand...

Yeah, the OfficeMax in Dorchester, MA is horrible. The doors no longer open electronically...in the summer, they have flies in the store, the sales floor has a 2:1 ratio of empty space to used space.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
71,866
31,928
136
OD overbuilt so this is a needed adjustment. Opening more and more stores doesn't necessarily net more sales. OD stores were opened in places thaey had no natural market, strip malls at the edge of development in towns that already had ODs closer to businesses. OfficeMax does this as well, to a lesser extent.

Radio Shack survives because there are a bunch of things that RS carries that no one else does. Also, RS runs small convenient stores. You can be in and out of RS with what you went to buy in the time it takes to reach the proper section of a OD,Officemax, or Staples.
 
K

Kelvrick

Lifer
Feb 14, 2001
18,422
5
81
Yea, the only other place I can stop at besides radio shack is Frys for resisters, relays and other little gadgets. There are local stores but the only one I know of is 20 miles away from me compared to 3 for radioshack.
 
A

andylawcc

Lifer
Mar 9, 2000
18,183
3
81
Originally posted by: mrSHEiK124
Originally posted by: DisgruntledVirus
CC+OD merge to become one big failure?
Click to expand...

Haha, the CC+OD near hear are adjacent to each other.
Click to expand...

lol, same here in LA. It was originally Compusa and Office Depot side by side, but after Compusa rode the failboat, CC thought they could do better and moved in.
 
V

Vehemence

Banned
Jan 25, 2008
5,943
0
0
Originally posted by: DisgruntledVirus
Originally posted by: ultimatebob
Originally posted by: DisgruntledVirus
Originally posted by: dNor
Hopefully Staples stays strong. I :heart: Staples.
Click to expand...

Maybe staples to close your ass shut when Atlanta football players are done with you...
Click to expand...

Damn, that was a wee bit harsh....
Click to expand...

Sorry dNor if you were offended. :heart:
Click to expand...

Your homoerotic fascination with me isn't offensive ;)
 
allisolm

allisolm

Elite Member
Administrator
Jan 2, 2001
25,185
4,739
136
list of store closings thanks to FW:

ARIZONA
Bullhead City
Kingman

CALIFORNIA (6)
Atascadero
Cerritos
Citrus Heights
Milpitas
Rocklin
Santa Clarita

COLORADO (2)
Aurora - 22 South Chambers Road
Broomfield - 261 East Flatiron Circle


CONNECTICUT (1)
Stratford, CT

FLORIDA (3)
Daytona Beach - 1900 W International Speedway Blvd
Haines City
Jensen Beach

GEORGIA (1)
Cartersville - 433 East Main

ILLINOIS (15)
Bloomingdale - 353 W. Army Trail Road
Bolingbrook - 257 N. Weber Road
Bourbonnais - 455 Main Street
Chicago - 1101 S. Canal in the South Loop
Chicago - 3925 N. Cicero Ave. at Six Corners
Cicero - 4601 W. Cermak
Darien - 7511 Lemont Road
Elgin - 623 S. Randall Road
Evergreen Park - 9500 S. Western Ave
Homewood - 17510 S. Halsted St.
Joliet - 2852 Plainfield Road
Lake Zurich - 945 South Rand Road
Niles - 5750 Touhy Ave.
Round Lake Beach - 2051 N. Ill. Route 83
Skokie - 9426 Skokie Blvd.

MAINE (2)
Bangor - 482 Stillwater Ave
South Portlandwmtw.com

MARYLAND (4)
Germantown - 12970 Middlebrook Road
Hyattsville - 3500 East West Highway
Largo - 900 Shoppers Way
Wheaton - 11000 Veirs Mill Road


MASSACHUSSETTS (5)
(Framingham and Woburn remain open, all other MA stores closing)
Hanover
North Attleboro
Peabody
Plymouth
Taunton

MICHIGAN
Farmington #2633
Flint #2561 - 3445 Lennon Road
Roseville #2609
Madison Heights #2503 - 32706 John R. Road

MISSOURI (4)
Belton
Jefferson City
O'Fallon
Wentzville

NEW JERSEY (11)
Cherry Hill, NJ
Deptford, NJ
East Brunswick, NJ
Freehold, NJ
Howell, NJ
Livingston, NJ
Mays Landing, NJ
Neptune, NJ
Union City, NJ
Watchung, NJ
Woodbridge, NJ

NORTH CAROLINA (5)
Asheboro
Charlotte x2
Greensboro
Hickory

OHIO (3)
Clermont
Heath
Rossford

PENNSYLVANIA (5)
Bensalem, PA
Exton, PA
Langhorne-Oxford Valley, PA
Montgomeryville, PA
Willow Grove, PA
Wilkes-Barre, PA

RHODE ISLAND (2)
Middletown
Johnston

TEXAS (2)
Dallas - 4121 Gaston Ave
Weatherford - 138 E. Interstate 20


VIRGINIA (2)
Chantilly Va
Vienna, VA
 
amdhunter

amdhunter

Lifer
May 19, 2003
23,332
249
106
Awesome, not one closing in NY. Office Depot has decent sales once in a while.

EDIT: lol there are only 2 near me. I thought they had a stronger presense in NYC.
 
boomerang

boomerang

Lifer
Jun 19, 2000
18,883
641
126
We could have a sticky thread with a title that could be changed to reflect the name of the business and number of stores. There's going to be a rash of these before it's all over.
rose.gif


 
C

catnap1972

Platinum Member
Aug 10, 2000
2,607
0
76
Originally posted by: allisolm
list of store closings thanks to FW:

PENNSYLVANIA (5)
Bensalem, PA
Exton, PA
Langhorne-Oxford Valley, PA
Montgomeryville, PA
Willow Grove, PA
Wilkes-Barre, PA
Click to expand...

Actually this totals 6, and you can add a 7th store--York, PA to the chopping block list

 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom