OfficeMax 2014 Annual Report Download - page 4

Table of Contents
Integration planning commenced shortly after the announcement of the Merger in February 2013, while the Federal Trade Commission (“FTC”) conducted an
investigation of the proposed Merger. On November 1, 2013, the FTC closed its investigation and the transaction closed on November 5, 2013 when all other
closing conditions were met.
From the Merger date through the end of 2014, significant progress has been made on key integration activities. The organization design and talent selection
was completed in early 2014 and the integration of staff functions was completed during the course of the year. Mid-year, the Company’s real estate strategy
(the “Real Estate Strategy”) identified at least 400 retail stores for closure through 2016 along with planned changes to the supply chain. By year end, in the
United States, we closed 168 stores, converted over 50 stores to common point of sale systems, completed two cross-banner warehouse consolidations and
platform modifications, successfully launched the co-branded website (www.officedepot.com), combined operating support functions, and made significant
progress on identifying customer preferences and developing methods to service their needs. The facility closures, store and warehouse conversions and
certain back-office functions will continue through 2016.
The remaining discussion of the “Business” section in this Annual Report addresses the way the Company operates currently; however, the integration will
continue to impact many of these processes in future periods.
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Office Depot is a global supplier of office products and services. Office Depot was incorporated in Delaware in 1986 with the opening of its first retail store in
Fort Lauderdale, Florida.
The Company sells products and services to consumers and businesses of all sizes through three reportable segments (or “Divisions”): North American Retail
Division, North American Business Solutions Division and International Division. Sales for these Divisions are processed through multiple channels,
consisting of office supply stores, a contract sales force, Internet sites, an outbound telephone account management sales force, direct marketing catalogs and
call centers, all supported by a network of supply chain facilities and delivery operations. Office Depot currently operates under the Office Depot and
OfficeMax brands and utilizes other proprietary company and product brand names.
Additional information regarding our Divisions and operations in geographic areas is presented below in Part II — Item 7. “MD&A” and in Note 19,
“Segment Information,” of the Consolidated Financial Statements located in Part IV — Item 15. “Exhibits and Financial Statement Schedules” of this Annual
Report.
The Company’s primary website is www.officedepot.com. The Company’s primary brands are discussed in the “Intellectual Property” section below.
During 2014, the Company voluntarily transferred the listing of its common stock from the New York Stock Exchange (“NYSE”) to the NASDAQ Global
Select Market (“NASDAQ”). The Company’s common stock continues to trade under the ticker symbol ODP.
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Our fiscal year results are based on a 52- or 53-week retail calendar ending on the last Saturday in December. Fiscal years 2014, 2013, and 2012 consisted of
52 weeks and ended on December 27, 2014, December 28, 2013, and December 29, 2012, respectively. The Company’s business in Canada, which has been
included in the Company’s results since the date of the Merger maintains calendar years with December 31 year-ends. The Australia and New Zealand
businesses, also included in the Company’s results since the date of the Merger, migrated to the Company’s retail calendar during 2014.
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