Office Depot’s popular app Elf Yourself® releases three new dances including Hip Hop Shop and Secret Santa

BOCA RATON, Fla., 2016-Nov-07 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, announced three new dances for Elf Yourself®, a mobile application that allows users to create videos of themselves and others dancing as elves in various settings.

To date, the holiday app has been downloaded more than 92 million times (2012-2015), and with three new dances this year, including “Chrismukkah,” Hip Hop Shop and Secret Santa, more users than ever are expected to kick off the 2016 holiday season with Elf Yourself®.

2016 marks only the fifth time in 111 years that Hanukkah coincides with Christmas Eve or Christmas Day. Families have increasingly combined both holidays to celebrate what’s been named “Chrismukkah.” In a recent Office Depot survey, out of those who plan to celebrate “Chrismukkah,” 20 percent said 2016 will be their first year doing so. Families and individuals will be able to truly celebrate “Chrismukkah” on one day with this rare alignment.

“As more and more people blend holiday traditions, particularly for ‘Chrismukkah,’ Office Depot wants to offer them an entertaining way to create new traditions and get into the spirit of the season,” said Diane Nick, senior vice president of marketing for Office Depot, Inc. “Elf Yourself® marks the beginning of the holiday seasons for many, and we are excited to share these fun, interactive dances with them.”

Such a unique date and celebration inspired the creation of a new “Chrismukkah” dance, which features aspects of the traditional Christmas and Hanukkah Elf Yourself® dances that users love, but with a new twist that is sure to spark the holiday spirit. The dance starts by presenting Christmas and Hanukkah dances separately and then blends the two into an exciting performance. The “Chrismukkah” dance will help users celebrate the differences in holiday traditions and mark this historical convergence with festivity.

The app will also feature a recently released Hip Hop Shop song and dance, in which the elves help Santa shop to the beat for trendy gifts from sneakers to hats to tablets.

The third dance released for 2016 invites users to celebrate the holiday season at work with Secret Santa gift giving. In this unique routine, the elves parade around their “office” – better known as Santa’s workshop – merrily distributing gifts to their “co-workers” – or fellow elves. Their generosity and glee is sure to enchant and inspire everyone to get into the holiday spirit.

Originally an online platform, the Elf Yourself® has created nearly 1.3 billion elves with more than 519 million users in over 200 countries, that’s enough elves for nearly four times the United States population! The updated app is available to download today at elfyourself.com or through your mobile app store. To create videos with Elf Yourself®, users can simply upload up to five photos, from either their camera roll, Facebook or taken on the app, select a dance theme, and the app will generate a custom Elf Yourself® video that they can share with friends and family via email and social media platforms, as well as embed into websites and blogs.

Survey Methodology/Sample Qualifications

Interviews are conducted via the Internet among a nationally representative sample of personal shoppers. The Quarter 3 wave of interviewing was conducted from July 15, 2016 to September 30, 2016 among a total of 1,609 personal shoppers. Interviewing will be conducted on a monthly basis in order to track shifts that occur over time.

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol ODP. Additional press information can be found at: http://news.officedepot.com.

Contact:
Julianne Embry
561-438-1451
julianne.embry@officedepot.com

Sarah England
561-438-1448
sarah.england@officedepot.com

Source: Office Depot, Inc.

The AURELIUS Group to acquire Office Depot’s European business

BOCA RATON, Fla., 2016-Sep-26 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ:ODP) today (September 23, 2016) announced that it intends to sell its European business to The AURELIUS Group.

Office Depot had previously disclosed its intention to explore strategic alternatives regarding its European business, under a process that began earlier this year.

“The sale of our European business will allow us to streamline operations and focus our resources on markets that will provide the best opportunity to implement our recently announced three year strategic plan,” said Roland Smith, chairman and chief executive officer for Office Depot. “The AURELIUS Group has a proven track record of positioning its acquisitions for future success and we look forward to working with them to complete this transaction.”

Since 2005 AURELIUS has completed more than 70 transactions across Europe and specializes in investing in companies and corporate spin-offs, as well as complex divisional carve-outs from corporates.

The transaction is structured as an equity sale, for nominal consideration, with the buyer acquiring the European business with its assets and liabilities. Annual revenue for the European business is approximately EUR 2 billion. The transaction, which has been approved by Office Depot’s Board of Directors, is subject to regulatory approval from the European Commission and consultation with the central works council, which represents employees in France. The transaction is expected to close by the end of 2016.

Goldman, Sachs & Co. acted as Office Depot’s exclusive financial advisor on the transaction.

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The Company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The Company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP”. Additional information about the transaction can be found in the Company’s Form 8-K filed today. Additional press information can be found at: http://news.officedepot.com .

All trademarks, service marks and trade names of Office Depot, Inc. and OfficeMax Incorporated used herein are trademarks or registered trademarks of Office Depot, Inc. and OfficeMax Incorporated, respectively. Any other product or company names mentioned herein are the trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS

This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to, among other things, Office Depot, based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of Office Depot’s control. There can be no assurances that Office Depot will realize these expectations or that these beliefs will prove correct, and therefore investors and stockholders should not place undue reliance on such statements.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, risks related to the termination of Office Depot’s pending acquisition by Staples, disruption in key business activities or any impact on Office Depot’s relationships with third parties as a result of the announcement of the termination of the Staples Merger Agreement; unanticipated changes in the markets for Office Depot’s business segments; the inability to realize expected benefits from Office Depot’s European restructuring plan; fluctuations in currency exchange rates, unanticipated downturns in business relationships with customers; competitive pressures on Office Depot’s sales and pricing; increases in the cost of material, energy and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technology products and services; unexpected technical or marketing difficulties; unexpected claims, charges, litigation, dispute resolutions or settlement expenses; new laws and governmental regulations. The foregoing list of factors is not exhaustive. Investors and stockholders should carefully consider the foregoing factors and the other risks and uncertainties described in Office Depot’s Annual Reports on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as well as the Form 8-K filed today with respect to the proposed transaction. Office Depot does not assume any obligation to update or revise any forward-looking statements.

Contact:
Richard Leland
561-438-3796
Investor Relations
Richard.Leland@officedepot.com

Karen Denning
630-438-7445
Media Relations
Karen.Denning@officedepot.com

Source: Office Depot, Inc.

Office Depot’s 2Q2016 results will be announced on Wednesday, August 3, 2016

BOCA RATON, Fla., 2016-Jul-23 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, will announce fiscal second quarter 2016 results before market open on Wednesday, August 3, 2016. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time.

To listen to the conference call via webcast, please visit the Office Depot Investor Relations website at investor.officedepot.com. A replay of the webcast and a copy of the presentation will also be available on the website.

About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The Company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP”. Additional press information can be found at: http://news.officedepot.com.

Contacts:

Richard Leland
561-438-3796
Investor Relations
Richard.Leland@officedepot.com

Karen Denning
630-438-7445
Media Relations
Karen.Denning@officedepot.com

Source: Office Depot, Inc.