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The Odp Corporation (ODP) |
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The Odp's Comment on Competitors and Industry Peers
We operate in a highly competitive environment in all three Divisions. We compete
with office supply stores, wholesale clubs, discount stores, mass merchandisers,
Internet-based companies, food and drug stores, computer and electronics superstores
and direct marketing companies. These companies, in varying degrees, compete
with us in substantially all of our current markets. Increased competition in
the office products markets, together with increased advertising, has heightened
price awareness among end-users. Such heightened price awareness has led to
margin pressure on office products and impacted our results. In addition to
price, competition is also based on customer service, the quality and breadth
of product selection and convenient locations. Other office supply retail companies
market similarly to us in terms of store format, pricing strategy, product selection
and product availability in the markets where we operate, primarily those in
the United States. Some of our competitors are larger than us and have greater
financial resources, which affords them greater purchasing power, increased
financial flexibility and more capital resources for expansion and improvement,
which may enable them to compete more effectively. We anticipate that in the
future we will continue to face competition from these companies.
We believe our customer service and the efficiency and convenience for our
customers from our combined contract and retail distribution channels helps
our North American Business Solutions Division to compete with other business-to-business
office products distributors. Our ability to network our distribution centers
into an integrated system enables us to serve large national accounts that rely
on us to deliver consistent products, prices and services to multiple locations,
and to meet the needs of medium and small businesses at a competitive cost.
We believe our North American Retail Division segment competes based on the
quality of our customer service, our store formats, the breadth and depth of
our merchandise offering and our pricing.
Internationally, we compete on a similar basis to North America. Our International
Division sells through contract and catalog channels and operates retail stores
in 18 countries. Additionally, our International Division provides office products
and services in another 37 countries through joint ventures, licensing and franchise
agreements, cross-border transactions, alliances and other arrangements.
Overall company Market Share Q3 2023 |
*Market share is calculated based on total revenue.
Who are The Odp Corporation's Competitors?
Genuine Parts Co Share Performance
+13.15%
This Quarter
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Genuine Parts Co
Profile
Genuine Parts Co is a distributor of automotive and industrial replacement parts, operating through multiple divisions for various markets. Their business model revolves around sourcing and procuring quality parts from suppliers and efficiently distributing them through an extensive network of stores to meet the demands of both retail customers and professional repair shops.
More about Genuine Parts Co's Market Share
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Leggett and Platt Inc Share Performance
-5.01%
Over The Past 5 Days
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Leggett and Platt Inc
Profile
Leggett and Platt Inc operates as a diversified manufacturer that designs and produces a range of engineered components and products for various industries such as bedding, furniture, automotive, and aerospace, among others. Their business model focuses on providing innovative solutions and strategic partnerships, leveraging their expertise in engineering and manufacturing to deliver high-quality products to meet customer needs and drive long-term growth.
More about Leggett and Platt Inc's Market Share
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