UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 7, 2011
Commission file number 1-10948
OFFICE DEPOT, INC.
(Exact name of registrant as specified in its charter)
Delaware | 59-2663954 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
6600 North Military Trail, Boca Raton, FL | 33496 | |
(Address of principal executive offices) | (Zip Code) |
(561) 438-4800
(Registrants telephone number, including area code)
Former name or former address, if changed since last report: N/A
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 7.01 | REGULATION FD DISCLOSURE |
On September 7, 2011, Office Depot, Inc. (the Company) will present at the Goldman Sachs 18th Annual Global Retailing Conference, which will be available via webcast. The presentation will provide a brief overview of the Company, perspective on the office supply market and certain operating results and forward looking statements. The Company has issued a press release including updated information, which is being furnished with this Current Report on Form 8-K as exhibit 99.1. The Company does not intend to update this disclosure or release similar information in the future.
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
Exhibit 99.1 | Press Release of Office Depot, Inc. issued on September 7, 2011. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OFFICE DEPOT, INC. | ||||||
Date: September 7, 2011 | By: | /s/ Elisa D. Garcia C. | ||||
Elisa D. Garcia C. | ||||||
Executive Vice President, General Counsel & Corporate Secretary |
Exhibit 99.1
CONTACTS:
Brian Turcotte
Investor Relations
561-438-3657
brian.turcotte@officedepot.com
Brian Levine
Public Relations
561-438-2895
brian.levine@officedepot.com
OFFICE DEPOT PROVIDES UPDATE ON BACK-TO-SCHOOL SEASON AT THE
GOLDMAN SACHS EIGHTEENTH ANNUAL GLOBAL RETAILING CONFERENCE
Boca Raton, Fla., September 7, 2011 Office Depot, Inc. (NYSE: ODP), celebrating 25 years as a leading global provider of office supplies and services, announced as part of the presentation today at the Goldman Sachs Eighteenth Annual Global Retailing Conference, the company will be providing an update on the 2011 Back-to-School season performance and North American Retail results quarter-to-date through August.
Kevin Peters, President of North America, said, Our Back-to-School sales and gross margin are both up over 150 basis points through August compared to the prior year. The reasons why we are performing better in Back-to-School this year include launching our effort earlier compared to prior years, a better assortment, improved supplies displays and trendier products. If we look at product categories, supplies have performed well to date for Back-to-School.
If we look at our total North American Retail business results quarter-to-date through August, comparable sales are down 2%. The good news is that although resetting our product mix, like eliminating entry level laptops, can have a negative impact on comparable sales, it can also have a positive impact on gross margin. Quarter-to-date though August, the North American Retail gross margin is up nearly 100 basis points compared to the same period last year and operating profit is on track to be up slightly versus prior year as projected in July, said Peters.
To listen to the presentation live via webcast at the scheduled time of 1:50 p.m. (Eastern Time) today, please visit Office Depots Investor Relations Web site at http://investor.officedepot.com. A replay of the webcast will also be available on the Investor Relations section of the Office Depot Web site.
About Office Depot
Celebrating 25 years as a leading global provider of office supplies and services, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides supplies and services to its customers through 1,627 worldwide retail stores, a dedicated sales force, top-rated catalogs and global e-commerce operations. Office Depot has annual sales of approximately $11.6 billion, and employs about 40,000 associates around the world. The Company provides more office supplies and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 56 countries.