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BUSINESS Office Depot closes over 1,000 stores since 2013 merger lumee.
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business · lumee

Office Depot closes over 1,000 stores since 2013 merger

The former retail giant has shuttered more than half its U.S. locations over the past 13 years, reflecting industry-wide decline in office supply demand.

The short version

1,000+
Stores closed since 2013 merger
~1,900
Combined stores after 2013 merger
$10.3B
U.S. office supply industry revenue
60,000
U.S. office supply industry employees
2%
Projected annual revenue decline through 2026

What happened

Office Depot and OfficeMax combined operations in 2013 as a single company with approximately 1,900 U.S. stores. Since then, more than half of those locations have closed, including recent shutdowns in Fresno and High Point in early 2026 and a Seattle OfficeMax location in April 2026. The company is no longer publicly traded.

Context

The office supply retail sector has faced sustained pressure from changing work habits, digital document management, and e-commerce competition. Industry-wide revenue is projected to decline roughly 2% annually through 2026. The 2013 Office Depot–OfficeMax merger itself was announced alongside plans to close 400 stores, suggesting the companies anticipated significant market headwinds from the outset.

Both sides

Bull

Store closures can free up capital for the company to invest in remaining locations, improve operations, and reduce overhead in an evolving market.

Bear

Widespread closures indicate declining relevance of physical office supply retail in an increasingly digital workplace and raise concerns about employment and community access to local services.

In plain words

Office Depot and OfficeMax joined forces 13 years ago as one big company with nearly 1,900 stores. Since then, they've closed more than half of them because fewer people need to buy printer paper and office stuff in person anymore—they order online instead. The whole office supply industry is shrinking about 2% every year.

What may happen

Continued selective closures

Office Depot may continue closing underperforming locations while maintaining a smaller, more profitable footprint in high-traffic areas.

scenario - not a prediction
Real estate repurposing

As seen with the Seattle OfficeMax sale to AutoZone, closed locations could be sold to other retailers seeking physical retail space.

scenario - not a prediction
Shift to services-focused model

Remaining stores might evolve to emphasize printing services, document management, and business solutions rather than product retail.

scenario - not a prediction
⚠ Disputed / unconfirmed:
Source: finance.yahoo.com · original
Generated 2026-07-02 02:02 · lumee