Office Depot, Inc. is one of the leading providers of business services, products as well as technology solutions to small, medium & enterprise businesses, via a fully integrated B2B distribution platform of neatly 1,300 stores, online presence, as well as dedicated sales professionals & technicians.
Through its banner brands Office Depot®, CompuCom®, OfficeMax®, as well as Grand&Toy®, the company provides its customers all the tools as well as resources they require to focus on their passion of the beginning, developing and operating their business.
In the year 1988, OfficeMax was started in Cleveland, Ohio, by Bob Hurwitz & Michael Feuer.
Hurwitz was the initial executive chairman & chief executive officer. Feuer was the president & chief operating officer of the company.
In the year 1988, OfficeMax started its very first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio; however, after 27 years, the location was closed on May 16, 2015.
Hurwitz left the company in the year 1993. Thus, Feuer became the chairman as well as chief executive officer.
OfficeMax evolved by acquisition with Office World first in the year 1990, along with Office World executive as well as Montgomery Ward becoming minority shareholders.
In the year 1990, Office Square stores were bought from Kmart and that too in exchange for a 22 per cent equity stake. And in the following year, Kmart expanded its stake in OfficeMax to 92 per cent.
In the year 1992, OfficeMax achieved 5 sites from Highland Superstores in Boston.
It was announced in the year 2013, that OfficeMax will combine with Office Depot in an all-stock deal, which created the largest United States office-supplies chain.
In the year 2015, Office Depot agreed to be brought by rival Staples for nearly $6.3 billion.
Finally, in the year 2016, Office Depot declared that the partnership agreement between Staples & Office Depot had been discontinued.