Office Depot to Offer FedEx Services at More U.S. Stores -- Update
August 30 2016 - 1:40PM
Dow Jones News
By Tess Stynes
Office Depot Inc. said FedEx Corp. shipping services will be
available at all of the office-supplies retailer's more than 1,500
U.S. retail locations starting next month.
The Boca Raton, Fla., company said it is expanding its
relationship with FedEx to all of its Office Depot retail
locations. The retailer, formed through the merger of Office Depot
and OfficeMax in 2013, already offers FedEx services at its
OfficeMax chain and has had a relationship with the shipping giant
since 2009.
"We have seen an increase in the use of FedEx shipping services
and solutions in our OfficeMax retail stores, and look forward to
rolling them out to our entire chain early next month," Office
Depot merchandising executive Ron Lalla said.
According to Office Depot's website, all of its Office Depot
retail stores have been providing United Parcel Service shipping
services, while some of them also have certain U.S. Postal Services
offerings.
An Office Depot spokeswoman said that while UPS has been a
valued partner for 16 years, the company's retail-store
shipping-services relationship with UPS will end next month.
However, Office Depot will continue to use UPS's services within
its supply-chain function, she said.
Office Depot has been facing an uphill battle to compete with
its chief rival, Staples Inc., since their roughly $6 billion
merger plan was blocked by antitrust regulators in May. Both
companies face increased competition from low-cost purveyors such
as Wal-Mart Stores Inc. and Amazon.com Inc.
Office Depot earlier this month provided some details of its
strategy for proceeding as a stand-alone company, including plans
to close an additional 300 stores and to trim $250 million in costs
by 2018.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
August 30, 2016 13:25 ET (17:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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