# Office Depot (OfficeMax)

**Source:** https://geo.sig.ai/brands/office-depot-officemax  
**Vertical:** Consumer Retail  
**Subcategory:** General  
**Tier:** Unknown  
**Website:** officedepot(officemax).com  
**Last Updated:** 2026-04-14

## Summary

ODP Corporation (NASDAQ: ODP) operating 1,000+ Office Depot and OfficeMax stores with B2B distribution; $7.5B revenue navigating retail decline against Amazon Business and Staples consolidation pressure.

## Company Overview

Office Depot and OfficeMax (merged in 2013, parent company ODP Corporation, NASDAQ: ODP) is the largest US office supply retailer — operating 1,000+ stores across the US selling office supplies, technology products, furniture, printing services, and business solutions to small businesses, enterprises, remote workers, and consumers. ODP Corporation generated approximately $7.5 billion in revenue in fiscal year 2024 across its retail (Office Depot/OfficeMax stores), B2B distribution (ODP Business Solutions), and Varis (procurement platform) segments.

Office Depot's B2B distribution business (ODP Business Solutions) serves small and medium businesses with recurring supply delivery, managed print services, and facilities supplies — providing contracted pricing, account management, and bulk delivery that complements the retail storefront. The print and copy services (custom printing, marketing materials, document finishing) provide in-store service revenue that online-only retailers can't replicate. The Workonomy business services (IT support, cloud services, digital marketing) represent an expansion beyond traditional supplies into business service revenue.

In 2025, ODP Corporation (NASDAQ: ODP) is navigating the structural decline of office supply retail: Staples (private, owned by Sycamore Partners) is the other major competitor, and both chains have closed thousands of stores over the past decade as e-commerce (Amazon Business being the primary disruptor) has taken the commodity supplies market. ODP has responded by focusing on the B2B services business (where relationships and service complexity create stickiness that commoditizes less easily), exploring a potential sale or merger with Staples (multiple attempted mergers have been blocked on antitrust grounds), and right-sizing the retail footprint. The 2025 strategy focuses on growing the ODP Business Solutions B2B segment, exploring strategic alternatives for the retail business, and building Varis (business procurement SaaS) as a higher-margin platform business.

## Frequently Asked Questions

### What is Office Depot (OfficeMax)?
Office Depot generated $9B revenue 2024 as ODP Corporation (NASDAQ: ODP $1B market cap, 850+ stores Office Depot/OfficeMax merged 2013, B2B division 70% sales, retail 30% sale pending). Founded 1986 Florida by F. Patrick Sher, Jack Kopkin, Stephen Dougherty (warehouse office supply, IPO 1988).

### When was Office Depot (OfficeMax) founded?
Office Depot (OfficeMax) was founded in 1986 in Lauderdale Lakes, Florida. Founded 1986 Florida by Sher/Kopkin/Dougherty. 1988 IPO. 2013 OfficeMax $1.2B merged. 2016 Staples merger blocked FTC. Amazon Business $35B competition. 2024 retail sale pending. $9B revenue, B2B 70%, 850 stores.

### What are Office Depot (OfficeMax)'s major milestones?
Office Depot (OfficeMax) has achieved significant milestones throughout its history. In 1986, Office Depot Founded Florida: Sher/Kopkin/Dougherty. Warehouse office supply. In 1988, IPO: Growth capital. 1990s 1,000+ stores expansion. In 2013, OfficeMax Merger: $1.2B Combined #2: Behind Staples. Store overlap rationalization. In 2016, Staples Merger Blocked FTC: Antitrust. Amazon Business rising. In 2020, Split: ODP Corp Retail + Business Solutions B2B: Dual operating companies. B2B 70% focus. These milestones represent the company's evolution and growth in its industry.

### What is Office Depot (OfficeMax)'s mission?
Office Depot (OfficeMax)'s mission is to To provide businesses and consumers with office supplies at warehouse prices through convenient retail locations and delivery services.

### Who founded Office Depot (OfficeMax)?
Office Depot (OfficeMax) was founded by F. Patrick Sher. Office Depot founded 1986 Lauderdale Lakes, FL by F. Patrick Sher, Jack Kopkin, Stephen Dougherty (office supply warehouse vision). 1988 IPO. 1990s expansion 1,000+ stores. 1997 Staples merger blocked FTC. 2013 OfficeMax merger $1.2B. 2016 Staples merger blocked again. 2020 split ODP Corp retail/B2B. 2024 retail sale pending. $9B revenue, 850 stores, 25K employees.

### What products or services does Office Depot (OfficeMax) offer?
However, 2015-2024 struggles: Staples merger blocked 2016 FTC, Amazon Business $35B undercutting, store closures 400+, 2020 split ODP Corp (retail Office Depot) and The ODP Business Solutions (B2B).

### What is Office Depot's B2B distribution business?
ODP Business Solutions (the B2B arm of ODP Corporation / Office Depot) serves small and medium businesses with contracted supply delivery, managed print services, technology products, facilities supplies, and furniture — competing with Staples Advantage and Amazon Business for the SMB supply procurement market. B2B customers receive account management, volume pricing, customized catalogs, and integration with procurement systems, creating stickier relationships than consumer retail transactions. The B2B segment represents ODP Corporation's highest-margin and most strategically important business, as institutional purchasing contracts generate reliable recurring revenue that is less susceptible to the foot traffic declines affecting physical retail.

### How has the Office Depot and OfficeMax merger performed since 2013?
The Office Depot and OfficeMax merger in November 2013 created the largest US office supply retailer by store count, but the combined company has faced persistent challenges: ongoing revenue declines as businesses and consumers shift purchasing online (Amazon Business) and reduce paper-based office consumption, resulting in hundreds of store closures over the past decade that reduced the combined network from 2,200+ locations to approximately 1,000. The company attempted to merge with Staples in 2016 — which would have created a near-monopoly in office supply retail — but the FTC blocked the deal on antitrust grounds. ODP Corporation has focused on its B2B distribution segment (ODP Business Solutions) as the growth platform, treating the retail stores increasingly as secondary.

## Tags

b2c, retailtech, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*