In order to make the most of the busy holiday season,
) announced that it will open at 8:00 p.m. on Thanksgiving night,
armed with attractive deals. Also the company will give saving
offers on Black Friday at its online shopping site 12:01 a.m. EST
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On Thanksgiving Day, the store will host door buster events
starting at 8 p.m. and 11 p.m., and a door buster event at 5 a.m.
on Nov 29, to kick off its in-store specials till the stock is
available. Moreover, from Nov 27-Dec 2, customers can avail free
shipping on most orders worth $20 and above.
Last year, many enthusiasts started shopping on Thanksgiving
evening, driving sales for the retailer stores. This Zacks Rank
#3 (Hold) company has been hawk eyed this season and based on
consumer preferences, it adopted the strategy of opening just a
day before the most celebrated shopping festival of Black Friday.
This strategy is expected to draw cautious, budget-constrained
consumers to its stores by offering them alluring schemes and
giving them an early bird advantage.
OfficeMax distributes office supplies and paper, print and
document services, technology products and solutions as well as
office furniture to business enterprises, government offices and
OfficeMax is repositioning itself to keep afloat in a difficult
consumer environment. The company is containing costs, closing
underperforming stores and focusing on providing innovative
products and services. All these will expectedly lead to margin
The company, in order to compete with industry bellwethers like
) and online rivals such as
), has decided to merge its business with
). This venture is expected to generate annual savings up to
$400-600 million by the end of the third year of the deal,
reflecting saving, supply-chain, advertising efficiencies and