[Beave Meister]

Now all them workers is free from "job lock" don't have to work for a filthy GOP corporations no more!

[Mouton]

Reminds me of a letter I wrote about BART sometime ago. BART announced they were running less trains in an effort to increase on time performance. In my letter I noted that when they ran no trains they would have a perfect system.

[Alex Murphy]

Office Depot Inc (ODP.N) said it would close at least 400 stores in the United States over two years as it looks to consolidate operations after acquiring OfficeMax, and the company raised its forecast for full-year adjusted operating income.

PFL

[ottbmare]

I could have predicted that. The stores are depressing and nearly empty except for a few days before school starts. The employees are treated horribly, worse than at other big-box retailers. My son, his stepsister, and their friends worked there. I can’t tell you how bad it was.

[Dr. Sivana]

A few years ago I thought that two of those chains were going to merge until the FTC said “nyet”. I understand the idea of anti-trust for things that have high startup costs or take a long time to set up. I never understood why office supply retail, whose wares can be bought from a number of competitors, warranted such treatment.

[buckalfa]

This is the new normal.

In the past closing stores was a sign of failure. Now a days you close stores and your stock price increases?

Money for nothing and your chicks for free I guess.

[jumpingcholla34]

Online shopping is killing these office supply stores.

[DesScorp]

Know what’s killing Office Depot? Office Depot’s prices.

[Zathras]

This is the latest “idea” to boost stock prices.
Close facilities and stock price jumps 30%

[tomkat]

The closure of the 400 stores will start adding to profit in 2015 and is expected to lead to annual run-rate savings of at least $75 million by the end of 2016 ..

Famous Last Words