Office Depot and OfficeMax unite in a changing office-supply market crowded with competitors such as Staples, Wal-Mart and Amazon.
(Daniel Acker / Bloomberg)
Office supply retailer Office Depot Inc. reported a net loss for the fourth quarter due to charges associated with its acquisition of Naperville-based rival OfficeMax Inc.
The company, which appointed turnaround expert Roland Smith as chief executive in November, reported a net loss of $144 million, or 34 cents per share, for the quarter ended Dec. 28.
On an adjusted basis, Office Depot reported a loss of 3 cents per share.
Total sales rose 33 percent to $3.49 billion
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