Office Depot Bets on Tech Makeover to Offset Retail Slump

Office Depot is undergoing a strategic transformation by acquiring CompuCom Systems for $1 billion, aiming to shift focus from retail to business clients. The acquisition will integrate kiosks in 1,400 locations, leveraging CompuCom's 6,000 technicians. Despite this move, Office Depot faces declining sales and financial challenges, exacerbated by hurricanes affecting key markets like Florida, Texas, and Puerto Rico. The failed merger with Staples has pushed Office Depot to seek alternative strategies to stabilize and grow its business.

What recent acquisition did Office Depot announce and what is its significance?

How is Office Depot planning to change its focus in the market?

What challenges is Office Depot facing in terms of sales performance?

How has the hurricane impacted Office Depot's business operations?

What was the outcome of the merger between Office Depot and Staples?