Office Depot Warns of Margin Pressure Due to Challenging Economic Conditions - update

Tuesday, Office Depot projected a higher-than-expected decline in its EBIT margin for the second quarter, as it continues to be negatively impacted by challenging economic environment with ailing sales trends. The Delray Beach, Florida-based provider of office products and services also anticipates the economic conditions to be difficult over the balance of the year. However, profit margins are expected to improve sequentially in the third and fourth... [read full story]