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Office Depot profit slumps 85%

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  • Office Depot profit slumps 85%

    Is this a sign of things to come! Yikes! I have purchased quite a few things from the Office Depot. How about you?

    Is this a sign of a slowing economy or is it simply a problem with their business model?

    What's your view?

    Office Depot profit slumps 85% - Office Depot says its fiscal fourth-quarter profit slid 85% as sales in North America slipped and last year's period benefited from a gain from the sale of a building.

    The Delray Beach, Fla.-based office supply retailer says earnings fell to $18.8 million, or 7 cents per share, compared with $126.6 million, or 45 cents per share, a year earlier.
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  • #2
    I have bought things there, but I try not to, they are WAY overpriced.
    Northern California

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    • #3
      Maybe this is why they are having such difficulties then!

      Do you find yourself ordering more office supplies online? Or just not at that store?
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      • #4
        I find that Office Max and Office Depot are both overpriced. I try to print as many of my own as I can. I also buy supplies at Wal Mart and other box stores like that. Saves Me a lot of money.
        Northern California

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        • #5
          That is a good point. I didn't take into consideration the power of wal-mart even for office supplies. Or Sam's Club too!
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