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Office Depot

In: Business and Management

Submitted By plazawills
Words 1587
Pages 7
Office Depot
William Garcia
Webster University
Basic Finance for Managers
BUSN 5200
Jason Fowler, MBA, CPA
December 09, 2011

Office Depot There are organizations that provide essential services to society in which people and other institutions become very dependent of these services. Office Depot is one of these organizations, which offers services and products that are vital to daily operations around the world. The taking care of business history and the ability to provide office supplies to not only the United States but many countries around the world, positions Office Depot as a retail leader in its industry. The reputation as a leader in the retail world was steadily built since March of 1986.
History
Office Depot, Inc. Is a supplier of office products, which is part of the New York Stock Exchange (NYSE) and trades under the symbol of ODP. The organization was founded in March of 1986 by the late F. Patrick Sher, Jack Kopkin, and Stephen Dougherty (Company History, 2011). The founders open the first Office Depot in Fort Lauderdale, FL and by the end of 1986 three stores in Florida were generating over Two million dollars. The organization celebrated its 25th anniversary as a leading retailer providing office supplies and service to millions of customers around the world. The organization provides services through the 1,627 retail stores around the world, a top-rated catalog sales force, and global e-commerce operations. These three sales divisions are responsible for annual sales of approximately 11.6 billion dollars, and provide employment opportunities to about 40,000 employees around the world. Office Depot, which is headquartered in Boca Raton, Florida, provides office supplies and services to more customers and countries than any other company. The organization currently sales office supplies directly or through affiliates

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