Office Depot Saves Big With 400 Store Closures by 2016 - Presented by: The Aol. On Network

Office Depot is closing 165 stores this year and the savings from the closure are higher than anticipated. Combined with higher sales, Office Depot delivered results in line with expectations. It reported a loss of 2 cents a share. That's better than the three-cent loss a year ago. Sales jumped 59 percent to more than $3.8 billion, which is also the same as estimates.



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