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The Odp Corporation  (ODP)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 
Price: $50.2800 $0.90 1.823%
Day's High: $50.34 Week Perf: -0.06 %
Day's Low: $ 49.18 30 Day Perf: 0.3 %
Volume (M): 238 52 Wk High: $ 58.98
Volume (M$): $ 11,982 52 Wk Avg: $48.08
Open: $49.18 52 Wk Low: $39.36



 Market Capitalization (Millions $) 1,966
 Shares Outstanding (Millions) 39
 Employees 56,000
 Revenues (TTM) (Millions $) 8,132
 Net Income (TTM) (Millions $) 193
 Cash Flow (TTM) (Millions $) -87
 Capital Exp. (TTM) (Millions $) 107

The Odp Corporation
Office Depot, Inc., together with our subsidiaries, is a global supplier of office products and services. Founded in 1986 with the opening of our first retail store in Fort Lauderdale, Florida, we now sell to consumers and businesses of all sizes through our three business segments: North American Retail Division, Business Services Group, and International Division. These segments include multiple sales channels consisting of office supply stores, a contract sales force, Internet sites, and catalog and call centers, all supported by our network of crossdocks, warehouses and delivery operations.

Our merchandising strategy is to offer a broad selection of office products, under our various private label Office Depot, Viking Office Products, and Guilbert brands, including the NiceDay' brand, and to provide our customers with business services and customized business solutions that differentiate us from our competition and increase customer loyalty. Our office products assortment includes general office supply, computers, software, computer supplies, business machines and related supplies, and office furniture. Our domestic office supply superstores and customer service centers stock approximately 8,100 and 10,500 stock keeping units, or SKUs, respectively, including variations in color and size. Our customer service centers provide warehouse and delivery functions for our catalog, contract and Internet customers, and support retail store inventory replenishment as needed.

We buy substantially all of our merchandise directly from manufacturers and other primary suppliers. We also obtain certain merchandise (principally private label merchandise) from offshore locations, including our private label brands that are exclusive to Office Depot, Viking, Guilbert and 4Sure. Our private label brand items include over 600 SKUs, consisting at the current time of primarily office supplies, paper, and furniture. In most cases, our suppliers deliver the merchandise directly to our CSCs or our crossdocks, which are centralized distribution centers. Once received at our crossdocks, most merchandise is then delivered to our retail stores. Crossdocks use a customized system to manage the inbound flow of merchandise with the goal of minimizing our landed cost. This system enables us to maintain optimal in-stock positions by permitting a shorter lead-time for reordering, while still meeting the minimum ordering requirements of our vendors. The use of crossdocks also reduces our freight costs by centralizing the receiving function.

Office Depot's centralized merchandising department is responsible for selecting, purchasing and pricing merchandise as well as managing the full product life cycle. Our contract sales force in BSG offers customized pricing to our contract customers, based on product selection and volume. Replenishment personnel monitor inventory levels and initiate product reorders with the assistance of our customized replenishment system. This system allows merchants to devote more time to selecting products, developing new product lines, analyzing competitive developments and negotiating with vendors to obtain more favorable prices and product availability. We transmit purchase orders electronically to a significant number of our vendors, and we electronically receive advance shipment notices and invoices back from them. This method of electronic ordering expedites orders and promotes accuracy and efficiency.

We are able to maintain our competitive pricing policy primarily as a result of the significant cost efficiencies we achieve through our operating format and purchasing power. Our marketing programs are designed to attract new customers and to persuade existing customers to make additional purchases. We regularly advertise in the major newspapers in most of our local markets using both color inserts and also so-called run of press (ROP)'advertisements. These advertisements are supplemented with local and national radio and network and cable television advertising campaigns, direct marketing efforts, signage in various sports venues and a naming rights agreement for a sports and entertainment arena in south Florida.

We have a low price guarantee policy for merchandise sold in our stores, through catalogs and over the Internet. Additionally, we perform monthly competitive pricing analyses to monitor each market, and prices are adjusted as necessary to adhere to this pricing philosophy and ensure competitive positioning.

We continuously acquire new customers by selectively mailing specially designed catalogs to prospective customers. Sometimes we obtain the names of prospective customers in new and existing markets through the use of selected mailing lists from outside marketing information services and other sources. We use a proprietary mailing list system for our Viking Office Products brand catalogs and other promotional mailings. We plan to use this same technology to increase the effectiveness of our Office Depot brand catalogs in the future.

Our customers can place orders over the Internet, by telephone or by fax using toll-free telephone numbers that route the calls to our call centers. In North America, our call centers are located in Florida, Georgia, Texas, Ohio, Connecticut, Kansas, New Jersey, and California. Orders are electronically transmitted from our call centers to the store or CSC closest to our customer for pickup or delivery at a nominal delivery fee (free with a minimum order size). For our wholly owned operations outside of North America, orders are mostly processed and fulfilled by call centers and customer service centers located in each of the respective countries. Orders are packaged, invoiced and shipped for next-day delivery or same-day delivery in the case of Viking orders in selected markets.

Catalog Production and Circulation

We use our catalogs to market directly to both existing and prospective customers throughout the world. Separate catalog assortments promote our dual brand (Office Depot and Viking Office Products) mail order strategy. We currently circulate both Office Depot and Viking Office Products brand catalogs through our Business Services Group domestically and our International Division outside the United States. Following the acquisition of Guilbert in June 2003, we also publish separate catalogs bearing the Guilbert name in Europe. Each catalog is printed in color with pictures and narrative descriptions that emphasize key product benefits and features. We have developed a distinctive style for our catalogs, most of which are produced in-house by our designers, writers and production artists. Recently, we introduced a Green Book catalog, which features products that are recyclable, energy efficient, or otherwise deemed desirable from the standpoint of impact on the environment.

Our Viking Office Products brand catalog mailings include monthly sale catalogs, which are mailed to all active Viking customers and present our most popular items. A complete buyers guide, containing all of our products at the regular discount prices, is delivered to our Office Depot and Viking Office Products brand catalog customers every six months. This buyers guide, which is mailed to all of our active customers, varies in size among countries. Prospecting catalogs with special offers designed to attract new customers are mailed frequently. In addition, Office Depot and Viking Office Products specialty catalogs are delivered each month to selected customers.

Industry and Competition

We operate in a highly competitive environment. Historically, our markets have been served by traditional office products dealers and contract stationers. We believe that we compete favorably against such dealers on the basis of price and selection. We compete with other full service contract stationers on the basis of service and value-added technology. We also compete with other office supply superstores, wholesale clubs selling general merchandise, discount stores, mass merchandisers, conventional retail stores, computer and electronics superstores, Internet-based companies and direct mail companies. These companies, in varying degrees, compete with us on both price and selection in substantially all of our current markets.



   Company Address: 6600 North Military Trail Boca Raton 33496 FL
   Company Phone Number: 438-4800   Stock Exchange / Ticker: NASDAQ ODP
   


Customers Net Income fell by ODP's Customers Net Profit Margin fell to

-18.41 %

6.99 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GPC        12.19% 
LEG        3.69% 
• View Complete Report
   



Stock Transactions

The ODP Corporation Partners with Matthews South to Enhance Share Repurchase Program Execution

Published Mon, Mar 4 2024 2:00 PM UTC

The ODP Corporation Partners with Matthews South for Execution of New Share Repurchase Program
The ODP Corporation (NASDAQ:ODP) has announced a partnership with Matthews South to optimize the execution of its newly authorized $1 billion share repurchase program. With 39.106 million shares outstanding and a current price of $54.41, this strategic move could have a signifi...

Management Changes

The ODP Corporation Announces Leadership Update and Positive Financial Performance

Published Mon, Jan 29 2024 10:00 PM UTC


by
In a recent announcement, The ODP Corporation (ODP or the Company) shared the news that Mr. Gerry Smith, the Chief Executive Officer (CEO), will be resuming his position after a temporary medical leave, effective from February 1, 2024. Smith's return marks an important milestone for the company, as he brings leadership and vision to navigate the business service...

Management Changes

The ODP Corporation: Embracing Change, Achieving Stellar Return on EquityNote: The title above captures the key aspects of the article by highlighting the incorporation of new leadership dynamics through Marcus Dunlop's departure from The ODP Corporation's Board of Directors, coupled with the company's exceptional return on equity performance in the third quarter of 2023.

Published Tue, Jan 2 2024 10:01 PM UTC



In a recent press release, The ODP Corporation (NASDAQ:ODP) announced the departure of Marcus Dunlop, partner at HG Vora, from its Board of Directors after the expiration of the January 2021 Cooperation Agreement between the two entities. This development comes as the company reported encouraging financial results, particularly its return on equity (ROE), in the th...

Stock Market Announcement

Unlocking Shareholder Value: AREX Capital Urges The ODP Corporation to Embrace Bold Structural Changes

Published Mon, Dec 18 2023 2:00 PM UTC



In a recent press release, AREX Capital, a renowned global investment firm, has called upon The ODP Corporation (NYSE: ODP) to initiate critical structural changes. These changes primarily focus on relaunching the Office Depot separation and the sale of Varis, both of which AREX Capital believes will drive enhanced shareholder value. As one of the key stakeholders ...

The Odp Corporation

Unprecedented Slump: Company's Revenue Takes a Devastating Hit During July-September 2023 Time Frame

The ODP Corporation, a leading provider of products, services, and technology solutions to businesses and consumers, recently reported its financial results for the third quarter ended September 30, 2023. The company's earnings per share grew by an impressive 32.59% to $1.79, while its revenue experienced a decline of -7.505% to $2.01 billion compared to the same period last year.
It is important to note that the slump in business experienced by The ODP Corporation is not reflective of the overall Specialty Retail sector, which posted revenue growth during the same period. This indicates that the company's challenges may be specific to its operations and not indicative of broader industry trends.






 

The Odp's Segments
 
N. American Retail
 Segment     of total Revenue
Business Services Group
 Segment     of total Revenue
International Division
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
The Odp does not provide revenue guidance.

Earnings Outlook
The Odp Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
International

The Odp's Operating Statistics Decrease / Increase
       
North America Stores   North America Stores Decline   
North America square footage (thousand)   North America square footage (thousand) Decline   
N. America Avg. square footage per Store    N. America Avg. square footage per Store Growth   
Sales per square foot gross basis $    Sales per square foot gross basis $ Growth   
International Stores    International Stores Growth   
North America Sales / Store (thousands $)    North America Sales / Store (thousands $) Growth   
International Sales / Store (thousands $)   International Sales / Store (thousands $) Decline   




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