The chain has closed more than 1,1100 stores since 2013.
He may close many places.
Bankruptcy is possible, because the chain has new ownership.
During the Covil epidemic, there was a dark time when grocery stores ran out of toilet paper.
Everyone remembers those days when people ordered weird brands of toilet paper from Amazon, bought lubricants, and otherwise looked for solutions to an unpleasant problem.
We were lucky enough here in Florida that the shortage wasn’t too bad, but other states had empty shelves, and online orders were taking weeks.
At that time, office supply stores including arenas, office depot, and office max usually had toilet paper. I visited one a few days into the shortage, and it was not that those large rolls were used in offices, but also he had large packs of standard rolls.
The regulars sold out quickly, but the supply lasted longer than Target, Walmart, or Publix. Commercial toilet paper, while in short supply, was available for weeks.
These chains, which used to be very important, were not so suitable for consumers that during the shortage, people forgot to sell these things.
It’s easy to blame Amazon for the decline of office supplies. But that is not the whole story.
Staples and its rivals Office Depot and Office Max, both under the ODP Corporation, became less important over time because consumer habits and needs had changed.
IE-Commerce Shift: Consumers are moving to Amazon and Walmart online for office supplies.
Minimum Requirement: Remote and hybrid operations have reduced office supply requirements.
Foot Traffic Drop: Visits to stores and small business purchases declined.
Competition: Big-Box and Online Retailers Undercut Prices and Convenience.
Product confusion: The overlap between the two weak chains is a marketing trick.
Financial difficulties: Falling sales led to restructuring and a planned acquisition by Atlas management. Sources: Dive Dive, Reuters, Odp Investor Relations
Office Depot is finally shrinking its store portfolio. Getty Images” loading=”eager” height=”540″ width=”960″ class=”yf-1gfnohs loader”/>
Office Depot is eventually shrinking its store portfolio.Getty Images
ODP brands have strongly eliminated their marketing activities. It may continue after the sale of the company to Atlas Holdings Baldes.
“Odp Corporation is taken private by Atlas Holdings Deal signals a renewed focus on efficiency and a leaner cost structure for the Office Supplies Company,” reported the total amount sold.
There may be other benefits.
“Going private would allow ODP to make long-term capitalization of the business by freeing it from being a wasteful quarter-focused earnings.
More store closings will add to a pattern that has been going on for years.
Office Depot has closed more than 1,000 stores since its 2013 merger, reducing its store count by nearly 55%.
This latest business transformation should build on the original merger of OfficafEMax and Office Depot.
“The agreement announced is to merge OfferAfAFE with the office
More merchandise:
ODP Corp. CEO Gerry Smith is pleased with the acquisition by Atlas Holdings.
“Atlas brings an understanding of our industry, as well as operational expertise, resources, and a track record of supporting its companies that will further our B2B growth efforts and strengthen our position with our customers,” it shared.
“Atlas’ commitment reflects their confidence in our future and the strong momentum we have achieved through our focus on efficiency and targeted lethality,” said Smith. “We’re excited about our future.”
In Q2 2025, the company reported closing 60 retail outlets (Office Depot + OfficeMax) in the previous 12 months. Source: Theodpcorp.com
In 2024, they continue to quietly close stores; Closures have been issued in various locations (eg Placerville, CA; NAMPA, ID; SAN Antonio, TX). Source: News Spectator
As of 2024, the company is operating approx 922 retail stores for both products.
Starting in 2025 (after the 12-month closure), the store inventory ended 830 locations. Source: CT Insider
Related: Big Office retailer sold after it closes 1,000 stores
The total market is getting smaller and smaller.
“The Office Supply Service retail sector has been facing some recent headwinds, profit strife and declining demand due to competition 20.9
Circana shared similar numbers, but focused only on the US
Sales fee: Sales revenue across all physical and digital sales channels reaches $11.5 billion in 2024, representing a 5% decrease compared to the previous year.
Unit requirement: The unit price of the unit fell by 2% in 2024.
What is to come: The idea that 2025 is still being challenged has 2% style and expectations of a humbling industry. in 2027. Source: Cirkana
That led Odp to be more careful in its active selection.
“Office Depot has come back to take its own battles. Instead of trying to win over everyone, everywhere, they’re relying more on available businesses, anyone who still needs to spend more money, anyone who still needs to spend more money, even if there’s something you need consistently, even if there’s more than before,” wrote Ryan Davis in the Business Republic.
Related: 159-year-old whiskey facing chapter 11 bankruptcy, asset sale
This story was originally reported by TheSStreet on Oct 27, 2025, where it appeared first in the category Shopping. Add Thestreet as your favorite source by clicking here.
