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Office Depot Inc. (ODP)

- NASDAQ
  • Nov. 6, 2012, 7:05 AM
    Office Depot (ODP): Q3 EPS of $0.06 beats by $0.05. Revenue of $2.7B (-5% Y/Y) in-line. (PR)
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  • Nov. 6, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: AKRX, AMED, AMSC, AOL, CPN, CRIS, CRZO, CSC, CVC, CVS, DISCA, DISH, DNR, DTV, DWRE, EMR, EXPD, FOSL, FTR, FUN, GEL, HCN, HL, HPT, ISIS, KWK, MFA, NYX, ODP, OMX, OXF, POM, SCG, SRE, VVUS
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  • Nov. 5, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: AKRX, AMED, AMSC, AOL, CPN, CRIS, CRZO, CSC, CVC, CVS, DISCA, DISH, DNR, DTV, DWRE, EMR, EXPD, FOSL, FTR, FUN, GEL, HCN, HL, HPT, ISIS, KWK, MFA, NYX, ODP, OMX, OXF, POM, SCG, SRE, VVUS
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  • Nov. 2, 2012, 7:56 AM
    The recent mix of economic news and retail sales reports sets the table for a holiday retail season that will come in better than original forecasts, according to IHS Global Insight. What to watch: While Hurricane Sandy is only an "interruption" to retailers on a strong growth track and an "excuse" for underperformers, two potential drags on Q4 retail sales could be a fiscal cliff that doesn't get resolved or a national election that is in dispute.
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  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
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  • Oct. 31, 2012, 9:19 AM
    Office Depot (ODP) launches sales of Keurig Vue brewers with packs available from Starbucks, Green Mountain Coffee, Caribou Coffee, and Tully's. The office segment of the coffee industry is viewed as wide open as smaller-sized companies move away from traditional coffee services to let employees choose their own brands under single-brew systems.
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  • Oct. 30, 2012, 5:40 PM
    Office Depot (ODP) has approved a poison pill that goes into effect if a person or group (without board approval) acquires 15% or more of the company's shares. The move is doubtlessly aimed at Starboard Value, which recently disclosed a 13.3% stake, and is calling on the office supply chain to streamline operations.
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  • Oct. 30, 2012, 10:02 AM
    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.
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  • Oct. 26, 2012, 11:10 AM
    Though consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
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  • Oct. 25, 2012, 10:59 AM
    Best Buy collateral damage: An earnings warning from the embattled big box retailer spills over to taint shares of peers hhGregg (HGG -9.7%), Conn's (CONN -1.9%), and RadioShack (RSH -3.2%). Also trading weak on the day are office supply sellers OfficeMax (OMX -1.8%) and Office Depot (ODP -1.4%) with the notion floating around again that the combination of a strapped U.S. consumer and a competitive pricing environment for electronics doesn't bode well for profits.
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  • Oct. 22, 2012, 5:35 PM
    After-hours top gainers, as of 5:15 p.m.: FXEN +8.9%; MTW +6.7%; NLSN +6.2%; WETF +5.9%; TPLM +5.7%.
    After-hours top losers: ODP -6.6%; RCII -5.7%; VECO -5.5%; GHL -4.4%; OEH -4.2%.
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  • Oct. 2, 2012, 6:45 AM
    The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though the mark would rep the slowest pace of growth since 2009, the forecast is still higher than the average growth of 3.5% realized over the last ten years for the November to December period. Online retail is still a bright spot, with holiday sales expected to rise 12% this year to $96B.
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  • Sep. 26, 2012, 10:02 AM
    Shares of Staples (SPLS -3.4%) take another leg down as the company's sweeping reorganization plan continues to raise concerns on how much more downside is coming down the line. Peers Office Depot (ODP -3.5%) and OfficeMax (OMX -1.7%) are also in the line of fire of traders.
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  • Sep. 25, 2012, 1:14 PM
    Toys R Us Chairman Jerry Storch makes the case on Squawk Box that brick-and-mortar stores won't go away anytime soon, but will morph into mini-distribution centers. The line of thought follows a recent trend by retail players of using existing stores as fulfillment centers and showcasing more extensive pick up options to online buyers. The end game: Retail stores see a competitive advantage over Amazon if they can deliver products faster as they still dream about ultimately offering the holy grail of online shopping - same-day delivery.
    | 13 Comments
  • Sep. 17, 2012, 9:10 AM
    Premarket gainers: IRIS +45%. GNOM +15%. ODP +10%. KTOS +9%. CPRX +9%. TSLA +8%. DVAX +7%. CTIC +6%.
    Losers: THLD -23%.
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  • Sep. 17, 2012, 8:18 AM
    Staples (SPLS) moves up 0.5% in premarket trading after peer Office Depot (ODP) lands an activist investor following last week's strong move on chatter that P-E firms were sniffing around. Despite all the bravado on low valuations for the office supply sector, Douglas McIntyre stays skeptical with the double-whammy of large store expansion and Amazon still looming as formidable challenges to overcome.
    | 1 Comment
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Company Description
Office Depot Inc is a supplier of office products and services. It offers products including office supplies, paper, ink & tone, cleaning chemical & equipment's, monitors & equipment's, computers & tablets, office appliances, and school supplies.