"The e-commerce shift saw shoppers move over to Amazon and Walmart online for office supplies, while less demand saw remote and hybrid work sharply reduce office supply needs. There's also a foot traffic drop, where in-store visits and small-business purchasing both declined."
""ODP Corporation being taken private with the Atlas Holdings deal signals a renewed focus on operational efficiency and a leaner cost structure for the office supplies company," Total Retail reported. "Going private may enable ODP to make long-term investments in the business by freeing it from being so quarterly-earnings focused. These investments, whether in product, supply chain, marketing, real estate, etc., could help strengthen the business going forward," Total Retail's Joe Keenan added."
"As it turns out, Office Depot has closed over 1,000 stores since its 2023 merger, reducing its store count by about 55%. "The announced deal to merge OfficeMax and Office Depot would, presumably, help the combined company cut costs by eliminating duplicative positions and doing away with underperforming locations while giving it increased purchasing power and marketing clout," RetailWire's George Anderson wrote."
E-commerce growth and shifting consumer habits moved many office-supply purchases to Amazon and Walmart online. Remote and hybrid work sharply reduced corporate and individual demand for traditional office supplies. In-store foot traffic and small-business purchasing declined, contributing to falling sales, restructuring, and a planned acquisition by Atlas Holdings. Office Depot and related ODP brands have significantly shrunk retail footprints, closing over 1,000 stores since the 2023 merger and reducing store count by about 55%. The Atlas acquisition and going-private status aim to drive operational efficiency and enable longer-term investments across product, supply chain, marketing, and real estate.
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