ODP Corporation, known till 2020 as Office Depot Inc., is an established American retailing company that provides business services and supplies, products, and digital workplace technology solutions. Its portfolio of brands includes Office Depot, OfficeMax, Grand & Toy, Ativa, TUL, Realspace, and DiVOGA.
Founded in 1986 and headquartered in Boca Raton, Florida, the company operates approximately 1,400 retail stores, a dedicated sales force, an inside sales organization, and an e-commerce platform. ODP successfully serves customers across multiple channels, from in-store to online and through mobile apps, appealing to a large range of consumers and businesses.
ODP Corp's offerings span across office supplies, technology products, cleaning and breakroom items, print and document services amongst others, catering to individual consumers, Fortune 100 companies, and small-to-mid sized businesses.
ODP went through a significant rebranding initiative in 2020, transitioning from Office Depot Inc. to ODP Corporation. This strategic move was aimed at reflecting its transformation from an office supply retailer to a broader business services and solutions provider. While the iconic Office Depot and OfficeMax brands continue to exist under their respective names, the corporate entity is now known as ODP Corp.
The company has shown a strong focus on digital transformation, meeting the evolving needs of customers in today's increasingly digital marketplaces. This is particularly evident in their recently launched business-to-business (B2B) digital platform, Office Depot Business Solutions (BSO).
Financially, in 2020, ODP Corp reported total annual sales of approximately $10.6 billion. The company trades publically under the ticker symbol 'ODP' and is a component of the S&P 600 index.
ODP Corp’s community outreach initiatives mark its social commitments. The Office Depot Foundation donated over 4 million sackpacks to children around the world as part of its National Backpack Program.
Critics have praised ODP for creating an impressive market presence and continuously adapting its strategies according to changing market dynamics. From being a simple office supply store founded in an era marked by typewriters and fax machines, ODP Corp has made steady strides adapting to digital transformation and successfully redirected its business model towards services and solutions that resonate with modern workplaces.
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Monteverde & Associates PC has filed a class action lawsuit against The ODP Corporation (ODP) in the Southern District of Florida. The lawsuit, filed on August 19, 2026, on behalf of shareholders who held ODP common stock between October 21, 2025, and December 10, 2025, alleges violations of securities laws in connection with ODP's acquisition by Atlas Holdings LLC for an unfair price. Shareholders interested in serving as lead plaintiff must do so by November 3, 2026.
Construction has commenced on "The Eclipse," a mixed-use redevelopment project at the former Office Depot headquarters in Boca Raton. This development will feature new retail and restaurant spaces, an Equinox fitness club, and Broken Sound Residences, a 494-unit luxury rental community. The project aims to transform the 29-acre property while retaining Office Depot's presence, contributing to continued investment in the city.
Office Depot is rebranding its B2B distribution business by dropping the ODP name and returning to the more recognizable Office Depot brand. This move, announced by CEO Craig Gunckel, aims to unify the company's identity across its retail and B2B operations, strengthening its position in the market following its acquisition by Atlas Holdings. The rebranding reflects a strategic decision to leverage the established Office Depot name for all its services, which now include a wider range of workplace products beyond traditional office supplies.
This article provides a peer comparison tool for ODP Corp (ODP), a company in the Consumer Discretionary sector. It displays key financial data for ODP, such as market cap, revenue, P/E ratio, P/B ratio, and dividend yield, and allows users to compare it with other selected stocks. The page also offers various investment tools and information on funds and stocks.
The Related Group, along with PEBB Enterprises and BH Group, has broken ground on new apartments called Broken Sound Residences at the ODP headquarters site in Boca Raton. This 28-acre development will include a high-end fitness club. The project is being led by The Related Group, a prominent developer in South Florida.
Two North Texas Office Depot locations in Grapevine and Irving are holding closing sales with discounts ranging from 30% to 60% as they prepare to shut down by the end of August. With back-to-school season approaching, shoppers can find deals on school and office supplies, as well as furniture and fixtures. The closures follow the acquisition of Office Depot's parent company by Atlas Holdings in 2025.
Office Depot is closing two stores in North Texas, specifically in Grapevine and Irving, with final closing dates yet to be announced. These closures follow the acquisition of ODP Corp. (parent company of Office Depot and Office Max) by Atlas Holdings and reflect broader challenges in the office products retail sector due to the rise of e-commerce. Despite these closures, the Dallas-Fort Worth area retains over 20 Office Depot and OfficeMax locations.