Insight Report 3 minutes PremiumOffice Depot Closing 300 Stores Coresight Research August 11, 2016 Executive Summary Office Depot (ODP) announced the expansion of its US retail store optimization program, which started in 2014; the company plans to close 300 stores in the next three years. In the second quarter of 2016, the company completed the closure of 400 stores. At the same time, Office Depot plans to expand its“store of the future” pilot program to 24 stores by the end of this year. The program features more elements that are designed to enhance the shopping experience. Office Depot expects total company sales to be lower in 2016 than they were in 2015 due to the store closures and disruption from the prolonged Staples acquisition attempt. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 3: US Closures Down 24%Innovator Profile: Drop Facilitates Seamless and Scalable Selling on Social MediaInnovator Profile: Carbon Maps Address Crucial Environmental Concerns in the Food IndustryUS Back to School 2023: Retail Outlook—Macro Context and Consumer Plans