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News Watch
- 10/17/2008 2:15:36 PM
By Chip Brian, SmarTrend Analytics Team
Today, office supply retailer, Office Depot Inc. (NYSE:ODP), announced results for its 2Q period. The company reported a net loss of $2 million, or $0.01 per share, compared to a profit of $105.6 million, or $0.38 per share, last year. Revenue for the period fell 1% to 3.6 billion. Sales slumped as small businesses, ODP's largest customers, and retail consumers refrain from purchasing non-essentials amid a poor economic environment.
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