OfficeMax 2009 Annual Report Download - page 15

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ITEM 2. PROPERTIES
The majority of OfficeMax facilities are rented under operating leases. (For more information
about our operating leases, see Note 8. ‘‘Leases’’, of the Notes to Consolidated Financial
Statements in ‘‘Item 8. Financial Statements and Supplementary Data’’ of this Form 10-K.) Our
properties are in good operating condition and are suitable and adequate for the operations for
which they are used. We constantly evaluate the real estate market to determine the best locations
for new stores. We analyze our existing stores and markets on a case by case basis. We conduct
regular reviews of our real estate portfolio to identify underperforming facilities, and close those
facilities that are no longer strategically or economically viable. In 2010, we expect that store
openings will be limited to two by our joint venture partner in Mexico, and we plan no remodels,
and less than 20 store closings.
Our facilities by segment are presented in the following table.
OfficeMax, Contract
As of January 23, 2010, OfficeMax, Contract operated 44 distribution centers in 21 states,
Puerto Rico, Canada, Australia and New Zealand. The following table sets forth the locations of
these facilities.
Arizona 1 Maryland 1 Tennessee 1
California 2 Massachusetts 1 Texas 2
Colorado 1 Michigan 1 Utah 1
Florida 1 Minnesota 1 Washington 1
Georgia 1 New Jersey 1 Puerto Rico 1
Hawaii 1 North Carolina 1 Canada 7
Illinois 1 Ohio 1 Australia 10
Kansas 1 Pennsylvania 1 New Zealand 3
Maine 1
OfficeMax, Contract also operated 55 office products stores in Hawaii (2), Canada (31),
Australia (4) and New Zealand (18) and five customer service and outbound telesales centers
in Illinois (2), Oklahoma, Virginia and Wyoming.
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