Office Depot sales decline 2% in Q1 2019
Office Depot has announced results for the first quarter ended 30 March 2019. Total revenue decreased by 2% to USD2.77 billion, which the office supply and services retailer attributed to disappointing sales in its product division, where sales fell 3%, and retail division, where sales fell 6%. Service revenues were flat. Retail division operating income fell to USD67 million from USD72 million a year ago; same-store sales fell 4%.