Updated:
Office Depot
Office Depot, founded in 1986 by Stephen Dougherty and Jack Blum, operates over 1,000 office supply stores and a major B2B procurement platform.
Office Depot
Office Depot was founded in Boca Raton, Florida in 1986 by Stephen Dougherty and Jack Blum, who pioneered the office-supply warehouse format. The company went public in 1988 and grew through acquisitions, including the 2003 merger with Viking Office Products and the 2005 acquisition of competitor Corporate Express. It is now incorporated in Delaware and maintains dual headquarters in Chicago, Illinois and Delray Beach, Florida. Office Depot generates revenue primarily through two segments: Retail (stores and e-commerce) and Business Solutions (B2B contract sales). The retail division sells office supplies, technology products, furniture, and print services in stores. Business Solutions serves corporate clients, government agencies, and educational institutions with customized procurement programs. The company also operates a online marketplace offering over 100,000 products. The company's scale includes roughly 38,000 employees and annual revenue of approximately $8.5B (per SEC filings, 2024). Its ODP Business Solutions segment is a top-three US B2B office-products supplier. The ODP Corporation, its holding company, also owns the Veyer supply-chain logistics subsidiary, which provides warehousing and last-mile delivery services to third-party clients. A key structural differentiator is Office Depot's hybrid retail-and-B2B model, which combines over 1,000 physical stores with a large corporate procurement infrastructure. This dual channel gives it competitive advantages in last-mile delivery for business customers while maintaining retail presence in over 500 US markets.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Additional offices
Delray Beach, FL, United States
Sector focus
Frequently asked questions
Who controls investment strategy at ODP Corporation?
ODP Corporation is a publicly traded company (NASDAQ: ODP). Investment decisions are overseen by the Board of Directors and executive management, led by CEO Gerry Smith as of 2025 (per SEC filings). The company does not function as a family office; it is a corporate entity with fiduciary duties to public shareholders.
Does Office Depot operate as a family office?
No. Office Depot is a publicly held corporation, not a family office. It is the operating company ODP Corporation. This profile classifies it under 'other' for firm type, as it is a retail and B2B services business, not an investment vehicle managing family wealth.
What does ODP Corporation own besides retail stores?
ODP Corporation owns the ODP Business Solutions division (B2B procurement), the Veyer supply-chain logistics subsidiary, and previously owned CompuCom IT services (sold 2024). It also holds a real estate portfolio of owned and leased store locations (per annual report, 2023).
How does Office Depot compete with Staples and Amazon?
Office Depot competes through its combined retail and B2B model, leveraging store proximity for same-day delivery to business customers. Its ODP Business Solutions division offers contract pricing and procurement software integration, aiming to differentiate from Amazon Business on relationship-based service (per investor presentations, 2023).
What investment stages or asset classes does ODP Corporation target?
ODP Corporation does not operate as an investment firm. It is an operating company that may pursue acquisitions in office products, business services, or supply chain logistics. Recent actions include divesting CompuCom to refocus on core segments (per SEC filing, 2024).
Where are Office Depot's headquarters located?
The company maintains dual executive offices in Chicago, Illinois and Delray Beach, Florida. Its corporate headquarters is listed as Chicago, IL (per SEC filings and company communications).
What is the relationship between Office Depot and the AUM figures?
As a public company, Office Depot reports enterprise value and market capitalization, not AUM. Its market cap as of early 2025 was approximately $1.5B (public market data). No AUM figure is applicable or disclosed here.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: