By the end of 2016, Office Depot will be closing at least 400 stores, resulting in $75 million in annual savings. 150 stores are expected to close this year.
"The company's merger with OfficeMax resulted in an overlap of retail locations that needed to be consolidated, the company said."
With over 2,000 stores around the world, this move will hopefully improve their footprint, help them best meet customer demand, and position themselves more appropriately in the markets they serve. Click here to read more from USA Today.
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