No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, July 21, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Former retail giant has closed over 1,000 locations

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 7 mins read
A A
Former retail giant has closed over 1,000 locations
Share on FacebookShare on TwitterShare on LInkedIn


Some forms of retail work better in a brick-and-mortar store than they do online.

Clothing and footwear, for example, benefits from the ability to try the items on. Even people who wear the same size across multiple brands sometime put on an outfit, a pair of sneakers, or some fancy shoes only to find that they don’t fit right.

The internet shines, however, on items that don’t need to be held, touched, or tried on. That has made some retailers more vulnerable than others.

Office supply chains, which includes Office Depot and Staples, have been in a slow, steady decline.

“Office supply stores as a sector employ some 60,000 people and bring in $10.3 billion in revenue in the U.S., which is projected to decline roughly 2% a year through 2026, according to research firm IBISWorld.

That has led to Office Depot closing more than half its stores since 2013, a process that has continued with the chain’s most recent shutdowns.

Office Depot has been in a steady decline

Office Depot merged with Office Max in 2013, with the combined chain operating about 1,900 U.S. stores following the merger, according to the Dallas Morning News.

At the time of the deal, the two companies said they planned to close 400 stores. The industry was already in decline, according to FOX Business.

“Office supply stores are fighting a battle for relevance, with shoppers increasingly buying their paper, toner and technology online from Amazon.com Inc, drugstores or mass merchants. Analysts covering office supply stores have long called for consolidation in what they see as a cluttered sector whose sales crumbled during the last recession,” FOX reported.

The company, which is no longer public, reported in a an SEC filing that it had 822 locations as of Nov. 5, 2025.

It has continued to shed locations since then, but no longer provides a store count since it does not have to report results as a private company.

Office Depot continues to slowly shrink.Shutterstock

These Office Depot locations have closed since Nov. 2025

High Point, NC: Office Depot closed its longtime store at the Peters Plaza IV shopping center at 274 Eastchester Drive on Dec. 20., according to the High Point Enterprise.

Fresno, CA: The Office Depot on Divisadero Street shut down Feb. 21 after more than 30 years in business, with employees saying the property owner declined to renew the lease, reported CBS47.

Ballard (Seattle), WA: The OfficeMax in Ballard closed April 11, 2026 with the building having been purchased by AutoZone for $7.8 million in late 2025, according to My Ballard.

Porterville, CA: The OfficeMax at 1260 W. Henderson Ave., the city’s only major office supply store, is closing, part of a pickup in OfficeMax closures that accelerated in 2025, reported Recorder Online.

Merriam, KS: The OfficeMax at Merriam Town Center near Johnson Drive and Antioch Road is closing, with liquidation sales already underway after more than a decade at that location, according to Johnson County Post.

The following locations appear to be closed based social media reports, which TheStreet confirmed by using the chain’s store locator tool and seeing that they are no longer listed.

Pensacola, FL: The Office Depot at 4337 W. Fairfield Dr. closed in 2026.

Albuquerque, NM : The former OfficeMax at 40 Hotel Circle NE closed in 2026.

Eugene, OR: The Office Depot at 2859 Chad Dr. is set to close in 2026.

Meridian, MS: The Office Depot at 110 15th Place South closed in 2026, per community tracking data; no local news coverage identified.

Office Depot continues to close stores.

“The retailer is shuttering stores in Grapevine and in Irving, according to signage at the shops on Tuesday [June 30[. It’s not clear when the sites will close. Both had window displays saying they would be open on Independence Day,” the Dallas Morning News reported.

Related: Shoppers deliver Macy’s and Kohl’s bad retail news

Amazon has taken market share

Office supplies like printer paper, pens, notepads, and more are commodities that people can buy without making a dedicated trip.

“Even supermarkets have an aisle for office supplies,” IBISWorld Lead Analyst Brigette Thomas told Retail Dive. “But I think the biggest is definitely Amazon.”

Amazon has taken office supply sales for much the same reason Walmart and Target took market share from Toys “R” Us years ago. Consumers no longer make a dedicated trip for many commodity purchases. Instead, they buy office supplies while they’re already shopping elsewhere or simply add them to an online order.

“Amazon became the largest retailer in the United States in terms of gross merchandise value sometime in 2025, overtaking Walmart, Seeking Alpha reported Thursday (June 25), citing a report by J.P. Morgan.

IBISWorld data shows that the decline in the office supplies space has been steady.

“The firm noted that office supplies stores as an industry have suffered ‘consistent revenue declines’ every year going back to 2005, due both to competition and the digitization of work itself. The industry declined by an average annual rate of 6.7% since 2016, according to the data.

In order for the chain to survive, RTM Nexus CEO Dominick Miserandino believes that a major change is needed.

“In most cases, there’s no reason to visit these stores just to buy office supplies,” he told TheStreet. “One of the pivots I’ve been seeing recently though is the office supply stores becoming more in person, event, conference places where you could print your signs and other deliverables.”

Related: Amazon challenges Costco with July 4 gas savings deal

This story was originally published by TheStreet on Jul 1, 2026, where it first appeared in the Retail section. Add TheStreet as a Preferred Source by clicking here.



Source link

Tags: ClosedgiantLocationsRetail
ShareTweetShare
Previous Post

America 250: History of the US Tax Code

Next Post

US Polo Assn. CEO grinded 90-hour weeks after Nike told him he wasn’t C-suite material

Related Posts

edit post
East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

by TheAdviserMagazine
July 21, 2026
0

Earnings Call Insights: East West Bancorp (EWBC) Q2 2026 Management View “I'm pleased to report that East West earned record...

edit post
Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’

Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’

by TheAdviserMagazine
July 21, 2026
0

The initial deal behind the American AI boom seems to be: private investors would help finance it, taking on the...

edit post
Matador Technologies names co-founder Donato Sferra CEO (MATAF:OTCMKTS)

Matador Technologies names co-founder Donato Sferra CEO (MATAF:OTCMKTS)

by TheAdviserMagazine
July 21, 2026
0

Matador Technologies (MATAF) on Tuesday said it has appointed co-founder Donato Sferra as chief executive officer. Sferra will replace Deven...

edit post
US stocks today: US stocks end higher as semiconductors surge amid Mideast war intensifies

US stocks today: US stocks end higher as semiconductors surge amid Mideast war intensifies

by TheAdviserMagazine
July 21, 2026
0

Wall Street's main indexes closed ​higher on Tuesday, as a steep rally in semiconductor shares helped shift the focus away...

edit post
Lauren Sánchez Bezos put M to change what clothes are made of—and ignited an Amazon debate

Lauren Sánchez Bezos put $34M to change what clothes are made of—and ignited an Amazon debate

by TheAdviserMagazine
July 21, 2026
0

Billionaire philanthropist Lauren Sánchez Bezos wants to change what your clothes are made of, and help offset fashion’s materials problem. ...

edit post
Jamie Dimon says market risks are ‘bigger than other people think’ – and he’s not buying stocks right now

Jamie Dimon says market risks are ‘bigger than other people think’ – and he’s not buying stocks right now

by TheAdviserMagazine
July 21, 2026
0

Jamie Dimon is getting more bearish on the stock market. The CEO of JPMorgan Chase (NYSE:JPM) and one of the...

Next Post
edit post
US Polo Assn. CEO grinded 90-hour weeks after Nike told him he wasn’t C-suite material

US Polo Assn. CEO grinded 90-hour weeks after Nike told him he wasn't C-suite material

edit post
IMF sees fiscal deficit higher than gov’t forecast

IMF sees fiscal deficit higher than gov’t forecast

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

0
edit post
Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’

Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’

0
edit post
First Community Bankshares Releases Q2 2026 Financial Results

First Community Bankshares Releases Q2 2026 Financial Results

0
edit post
Trump plans high generic-drug tariffs in 2028 to spur U.S. production

Trump plans high generic-drug tariffs in 2028 to spur U.S. production

0
edit post
Kazakhstan Signs Network School Deal as Malaysia Revokes License

Kazakhstan Signs Network School Deal as Malaysia Revokes License

0
edit post
Trump Retirement Accounts?

Trump Retirement Accounts?

0
edit post
Trump plans high generic-drug tariffs in 2028 to spur U.S. production

Trump plans high generic-drug tariffs in 2028 to spur U.S. production

July 21, 2026
edit post
East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

July 21, 2026
edit post
Kazakhstan Signs Network School Deal as Malaysia Revokes License

Kazakhstan Signs Network School Deal as Malaysia Revokes License

July 21, 2026
edit post
First Community Bankshares Releases Q2 2026 Financial Results

First Community Bankshares Releases Q2 2026 Financial Results

July 21, 2026
edit post
Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

July 21, 2026
edit post
SUI Hits 4.5B Transactions As Wallet Activity Climbs

SUI Hits 4.5B Transactions As Wallet Activity Climbs

July 21, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump plans high generic-drug tariffs in 2028 to spur U.S. production
  • East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)
  • Kazakhstan Signs Network School Deal as Malaysia Revokes License
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.