Welcome to our dedicated page for The Odp news (Ticker: ODP), a resource for investors and traders seeking the latest updates and insights on The Odp stock.
The ODP Corp (ODP) provides essential business solutions through its integrated B2B platform, serving enterprises and retail customers with office supplies, technology, and supply chain services. This page aggregates official news and press releases about ODP’s operational developments, financial performance, and strategic initiatives.
Investors and business professionals will find updates across ODP divisions including Veyer’s global supply chain management, Varis’ tech-enabled procurement marketplace, and corporate restructuring efforts. Key content includes earnings announcements, leadership changes, partnership agreements, and product/service expansions.
Bookmark this page to track ODP’s progress in transforming business procurement through its dual retail/B2B model. Check regularly for verified updates about operational milestones across its distribution network and digital platforms.
Office Depot is sponsoring 400 Selfmade scholarships in 2023 to support female entrepreneurs. This initiative enables underserved women to access resources and mentorship to launch and grow their businesses through the Selfmade program, which has already guided over 3,500 women since 2020. Scholarships cover the Grow membership, offering on-demand courses, expert mentorship, and a supportive community. Notable past speakers include Sara Blakely and Shiza Shahid. Applications for the scholarships are due by March 14, 2023. The program aims to empower women in business and enhance their entrepreneurial journeys.
ODP Business Solutions announces its participation in California’s mandatory Statewide Contracts for PC Goods, supplying Lenovo technology products including desktops, laptops, and accessories to the Department of General Services. This contract, valid for three years with potential extensions, allows California departments to procure Lenovo products at competitive prices while promoting sustainability. ODP will also collaborate with Granite Data Solutions for asset recovery services, enabling cost savings through trade-ins. This initiative aligns with California’s strategic vision of utilizing accessible technology and supports local economic growth.
HCLTech has been selected as the primary IT partner for ODP (NASDAQ:ODP) to support its digital transformation and IT operations across its Office Depot and ODP Business Solutions units. This partnership aims to enhance ODP's IT capabilities through automation and AI, promoting a more agile and product-centric approach. CEO Gerry Smith expressed excitement about the collaboration, emphasizing its alignment with ODP's low-cost model and business strategy, while HCLTech's CEO highlighted the partnership's potential to elevate operational performance in response to evolving consumer demands.
Office Depot is launching thousands of deals on office essentials, including furniture, electronics, and school supplies, to support small businesses and educational clients. Customers can benefit from a rapid 20-minute in-store and curbside pickup service, as well as savings on shipping through FedEx until December 24. The retailer emphasizes its range of promotions, including seasonal gift guides and discounted eGift cards. Office Depot aims to help clients efficiently complete end-of-year tasks while preparing for the upcoming year.
Office Depot, a leading omnichannel retailer, announces Black Friday promotions available online and in-store from November 25-28. Customers can enjoy free same-day delivery and 20-minute in-store and curbside pickup on qualifying orders. Notable offers include HP laptops with discounts up to $255 and custom cards at 50% off. Additional deals feature substantial savings on popular items such as Dell laptops and office furniture. The retailer emphasizes its commitment to small businesses and productivity, with exclusive discounts for Rewards Program members during this shopping season.
project44 has successfully raised $80M in a funding round led by Generation Investment Management and A.P. Moller Holding, valuing the company at $2.7 billion, a 12% increase from its prior valuation. The funds will enhance project44's capabilities in supply chain and emissions visibility, which is crucial for meeting evolving carbon reporting requirements. With $134M in annual recurring revenue (ARR) and a growth rate of 70% year-over-year, project44 is on track for profitability. The company continues to innovate and expand its network to serve over 1,200 customers.
The ODP Corporation (NASDAQ:ODP) has announced a $1 billion share repurchase plan through 2025 as part of its commitment to enhance shareholder value. The company revealed its long-term financial targets, aiming for stable revenue growth and increased Adjusted EPS from approximately
The ODP Corporation reported third-quarter revenue of $2.2 billion, remaining flat compared to the previous year. The company achieved a GAAP EPS of $1.36 and adjusted EPS of $1.48. Despite strong performance in the ODP Business Solutions division, net income decreased to $67 million from $73 million year-over-year. Operating income was $84 million, down from $104 million. The company announced a new $1 billion share buyback plan through 2025, emphasizing focus on shareholder value and long-term growth opportunities.
- Rewards Event: From Nov. 13-19, up to 50% savings for rewards members.
- Black Friday Sales: Starts at 12:01 a.m. ET on Thanksgiving.
- Teacher Discounts: 30% bonus rewards on educational supplies.
For more details, visit officedepot.com.
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