Officemax stores are averaging around $3m per year now. Down to 15 to 17 associates.
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Those of you on this board who think it's a good thing for Depot employees are dead wrong and have obviously never worked anywhere but Staples. I've worked all 3 and ODOM at least at the district and HR level genuinely care about their employees and have policies to back it up, unlike Staples who's higher ups think of every employee as a number and treat them like dirt. My best times in retail were at ODOM, Staples was horrible. This merger should only go through if Depot was buying staples and Mr. Sargent took a backseat to an OD executive. Every employee would be better off.
Yeah, I'm not going to be surprised if the merger goes through. I mean, even if it does, there are still plenty of retail places individual consumers can go to and purchase virtually everything Staples sells. At least in terms of the cornerstone, basic office supply products (paper, pens, etc.) Now, granted it will possibly suck for businesses who buy office supplies in bulk orders. However, if the executive management of both Staples and Depot can successfully make the case that without the merger both companies will eventually cease to exist 5-10 years down the line and both companies are unified in wanting the merger to happen, getting FTC approval is far from impossible. Both of the companies are going to undergo restructuring by way of large-scale retail footprint downsizing regardless of the merger happening or not, so if the merger happens and assuming Staples ends up with the power to kill off Depot and then does so, maybe for a Depot employee that isn't such a bad thing. Realistically, Depot employees have about the same chances of long-term employment survival in either scenario. Maybe a higher chance of surviving a little while longer if the merger doesn't happen, but younger employees of either company shouldn't be making plans to retire from either business 30 years down the line.
YES..The proposed merger between Staples and Office Max is a bad idea for employees and employees family, but for the other office supply and computer companies that STAPLES AND THE OTHER BIG BOX STORES HAVE SCREWED OVER FOR THE LAST 10 YEARS ,,along with consumers ,, its about time
I wouldn't hold my breath. The chances are much greater for Staples/Depot than for Comcast/TWC.
There are 9 lawsuits opposing it right now. The postal workers union is opposing and fighting the merger.
Phone: 202.326.3100 Bureau of Competition Federal Trade Comission 600 Pennsylvania Ave Washington DC 20850 Robert Jones - director rjones@ftc.go The proposed merger between Staples and Office Max is a bad idea for employees, employees family, consumers, and the economic climate of the country. 1. Staples executives have recently been overheard saying " Staples plans for 1700 Officedepot closures. Officer compares it to when NEC purchased Pacakrd Bell with sole purpose of Killing competitor". If this is correct by any number there will be tens of thousands of people loosing their jobs. This will not only hurt the employee it will hurt their families and will be a huge detriment to the US economy. An average Office Depot / Max store has between 20-30 people. If you multiply that by 1700 stores that is between 34,000 - 51, 000. This doesn't take into account the domino effect that this will have on the economy. This deal is not here to help consumers at all. Consumers will not have any physical brick and mortar stores to choose from. If Staples doesn't have that chair well you can't go anywhere else there is no longer any competition. So, the customer will be forced to order online if they choose to go elsewhere and wait for shipping. If the customer has a bad experience with Staples they are not able to go anywhere else because there would be no where else to go. If a customer wants a great deal on a product well guess what - that paper that is $2.00 a ream on Amazon is now $8.00 a ream at Staples (no physical competition). That desk that wasn't delivered correctly and was finally delivered a week later but broke customer; deal with it. There isn't anyone else to deal with. Staples will take ever advantage they can of the consumer knowing that the consumer will not have anywhere else to turn as far as a brick and mortar store. I am hoping everyone who is in a seat of power to make this decision is looking at this from every angle because this is bad for the economy, bad for the consumer, and bad for the thousands employees who will suffer.