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OfficeMax Closures?

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OfficeMax Closures?

Postby F1Pilot on Sat Jan 17, 2004 5:54 pm

Anybody hear about when they're starting to shut stores down?
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Postby Ian on Sat Jan 17, 2004 9:53 pm

They're closing stores?
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Postby F1Pilot on Sat Jan 17, 2004 10:42 pm

That's what I heard. Not the entire chain, but supposedly they're going to start shutting down stores. At least that's what I heard...
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Postby aviationwiz on Sat Jan 17, 2004 10:47 pm

It may just be that they are closing one or two stores. I remember Office Depot closed a store near me a few years ago, it wasn't anything big, they just wanted to close that store because it wasn't profitable.
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Postby F1Pilot on Sun Jan 18, 2004 7:44 am

Just got a letter from a friend whom I asked about it...heard that supposedly they're starting off with the closure of 30+ stores. *shrug*
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Postby TheWizard on Sun Jan 18, 2004 7:52 am

It could be, as aviationwiz pointed out, a matter of cutting off the diseased limbs (i.e. the stores that are not profitable). The real trick is to find out whether or not OfficeMax is opening any new stores in other locations. If they do open new stores, then you won't have to worry about them going under...at least not any time soon. If they continue to close stores without opening new ones, then I fear this is the beginning of the end for OfficeMax.
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Postby CowboySlim on Wed Jan 21, 2004 1:38 am

Several years ago OfficeMax and OfficeDepot wanted to merge but the federal anti-trust bunch refused it. Just like the refused United Airlines and US Air to merge; now they are both in bankruptcy.

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