You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Alibaba poised to surge on the NYSE
      NEW YORK – Chinese e-commerce powerhouse Alibaba will say “open sesame” to the New York Stock Exchange on Friday, as its shares begin trading in a highly anticipated debut that could raise up to $25 billion.
  • 56 million at risk in data theft
    NEW YORK – Home Depot said 56 million debit and credit cards are estimated to have been breached in a data theft between April and September at its stores in the U.S. and Canada.
  • Ellison stepping aside as Oracle CEO
    SAN FRANCISCO – Oracle co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful reign marked by his flamboyant behavior and outlandish wealth amassed while
Advertisement

OfficeMax, Office Depot talk deal

– The Wall Street Journal is reporting that OfficeMax Inc. and Office Depot Inc. are talking about combining their companies.

The newspaper, citing unidentified people familiar with the matter, said Monday that talks are at an advanced stage, and an announcement could come as early as this week.

OfficeMax reports its fourth-quarter results Thursday, while Office Depot is expected to report results next week. Representatives of the companies declined to comment.

The office supply business is very competitive. Staples is a big player, along with Amazon and big discount stores such as Costco and Wal-Mart.

Boca Raton, Fla.-based Office Depot has about 1,675 stores worldwide, mostly in the U.S. and Canada. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico. If the two companies merged, they could close stores that compete against each other, as well as reduce costs.

The OfficeMax website lists its closest store in Defiance, Ohio, but several years ago the retailer had a Fort Wayne store at 4310 Coldwater Road, just east of Glenbrook Square.

Office Depot has four Fort Wayne locations, including the recently renovated and downsized store at Northcrest Shopping Center on Coliseum Boulevard. The store sustained damage from an electrical fire in August.

Office Depot announced in November that it had redesigned the Northcrest store for customer convenience, scaling it back in size from 32,000 square feet to about 18,000 square feet.

Advertisement