Office Depot Article

Office Depot - Home Office Supplier

Office Depot, Inc, started business in 1986 as a newly incorporated start up business, in a small building located in Delray-Beach, Florida. Since opening their first store in Fort Lauderdale, Florida, they have become the world's second largest supplier of office products and services. With over $15 billion dollars of company revenue from their three business units; North American Retail Division, North American Business Solutions Division, and International in 2006, they are now a Fortune 500 company.

Office Depot has opened over 1300 stores with a heavy concentration in California, Florida, and Texas. They are planning to open 75 more stores in 2008 and they are currently building a new 625,000 square foot global headquarter building in Boca Raton in October 2008, when they plan to move in. Office Depot has received more than $15 million in state and local grants and incentives the major expansion into Boca Raton and will have about $210 million invested into their new facility.

Company Chairman and CDO Steve Odland has lead the company since March 2005 with a strategy focused on cutting costs across divisions and growing profits through private brand development and market expansion. Office Depot stock is traded under the symbol ODP.

For our readers, we believe Office Depot will continue to be a continued source of economical office and business supplies at a competitive price. With their online order placement service and next day delivery, they will continue to be a recommended source for your Home Office supplies.