Office Depot Shares Plummet

wsj.com     08-Jul-2008            

Word Count: 309 | Companies Featured in This Article: Office Depot, OfficeMax, Staples Office Depot Inc.'s announcement that second-quarter same-store sales in North America fell nearly 10% sent its shares and those of rival OfficeMax Inc. down. But industry leader Staples Inc. fell much less, as investors apparently feel the company is in a position to take advantage of its smaller competitors' weakness. Office Depot said the sales drop pushed earnings down further than... [read full story]                    


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