2014 Pulitzer Prize Winner

Office Depot to close 400 stores by 2016

Published: May 6, 2014, 10:27 am, by Rich Laden
This Office Depot store at 1750 E. Woodmen Road in Colorado Springs closed in 2013. RICH LADEN, THE GAZETTE

This Office Depot store at 1750 E. Woodmen Road in Colorado Springs closed in 2013. RICH LADEN, THE GAZETTE

Office Depot is the latest national retailer to announce store closures — the result of a merger between Office Depot and OfficeMax. In announcing its first quarter earnings Tuesday, Office Depot said it would close at least 400 stores nationwide by 2016, including 150 this year. Stores to be closed weren’t identified.

“The overlapping retail footprint resulting from the merger provides us with a unique opportunity to consolidate and optimize our store portfolio, while maintaining the retail presence necessary to serve our customers,” Roland Smith, Office Depot chairman and CEO, said in a news release. “Based on our preliminary analysis, we expect to close at least 400 locations in the U.S., with 150 stores slated to close in 2014.”

Colorado Springs has three Office Depot stores: 823 N. Academy Blvd. in the Citadel Crossing shopping center; 3640 Austin Bluffs Parkway in the Marketplace at Austin Bluffs; and at 535 S. 8th St., according to Office Depot’s website. The Springs also has three OfficeMax locations: 1640 Cheyenne Mountain Blvd. in the Cheyenne Mountain Center; 3826 Bloomington St. in the First & Main Town Center; and 7645 N. Academy Blvd. in the Market at Chapel Hills East.

Office Depot already closed a Springs store in last year at 1750 E. Woodmen Road in the Woodmen Commons shopping center, although it said at the time the closure was unrelated to its merger with OfficeMax.

Read a news release from Office Depot here.