Office Depot

Office Depot announced it will need to close 300 more locations to put itself in a better position as a stand-alone company. The office supplies retailer closed 42 stores in the second quarter of this year as part of an earlier plan to close 400 locations. The newly announced closing of 300 stores is in…

Staples and Office Depot said Tuesday they're scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies. The Federal Trade Commission had sought to block the merger of the last two national office-supply chains. It contended…

The U.S. lawsuit to block Staples Inc. from buying Office Depot Inc. now rests with a judge who's undercut the government's case throughout the trial. During final arguments Tuesday by the companies and the Federal Trade Commission, District Judge Emmet Sullivan needled the government about why its economic expert completed his analysis about the scope of…

Staples could be on the brink of winning its case against the Federal Trade Commission, possibly clearing the way for it to acquire Office Depot, sources told The Post. The judge overseeing the FTC suit against the office supply chain said he will entertain a motion from Staples’ legal team to dismiss the case once…

An executive with Amazon.com Inc's unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator's wariness over a potential merger of Staples Inc and Office Depot Inc. The U.S. Federal Trade Commission filed a lawsuit last year to block the proposed $6.3 billion acquisition of Office Depot by…

Staples wants more data from Amazon.com as it prepares to fight the Federal Trade Commission over the federal regulator's challenge of its $6.3 billion merger with Office Depot. Staples filed a motion on March 10 asking a U.S. District Court in Washington D.C. to compel Amazon to produce more documents and data. A subpoena served earlier…

Staples and Office Depot announced an agreement Tuesday to sell more than $550 million in large corporate contract business and related assets to office supply wholesaler Essendant. Deerfield, Ill.-based Essendant will pay Staples about $22.5 million, the companies said. More than 25 percent of the revenue acquired by Essendant will be from Fortune 100 companies…

The European Commission said on Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depot’s operations in Europe to ease competition concerns. The approval comes just over two months after the Federal Trade Commission in the United States sued to…

Staples Inc. is laying off hundreds of workers at its Framingham, Mass. headquarters, a move that analysts said suggests the company is preparing for the likelihood its planned merger with Office Depot Inc. won’t win regulatory approval. The job cuts were confirmed by a current employee and a former employee, both of whom asked for anonymity…

Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company…