Leading position in the North American office products industry Strong balance sheet Diversity of distribution channels Recent operating stabilization Very light maturity schedule Weak same-store sales trends in its North American retail segment Competitive nature of the office supply industry The ratings on Office Depot Inc. reflect the company's meaningful position in the North American office products industry, strong balance sheet, diverse distribution channels, and recent operating improvement. These factors are somewhat mitigated by the maturing U.S. office supply industry, which has resulted in key players increasing focus on new markets, particularly Europe. Office Depot is a leading supplier of office products, with $11.4 billion in sales. The company operates about 870 office supply superstores in North America and 182
