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.