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Office Depot closing 400 U.S. stores

Posted By -NO AUTHOR- On 05/06/2014 @ 11:05 am In Money,U.S. | No Comments

BOCA RATON, Fla. (AP) — Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated.

The combined company’s financial results beat Wall Street estimates for the January-March quarter and it raised its full year forecast for operating income on Tuesday.

Its shares jumped 17 percent in morning trading

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