Following a strategic review of its business that began in late October, office supplies cataloger/retailer Office Depot announced today it will shutter 9% of its North American stores and cut 2,200 jobs during the next three months.
The Delray Beach, FL-based company says it will close 112 stores in North America, including 45 in the central U.S., 40 in the Northeast and Canada, 19 in the West and eight in the South. The move will reduce Office Depot’s North American store base to 1,163.
What’s more, it will close 14 stores through 2009 as leases expire or other lease arrangements are finalized. Office Depot plans to open fewer locations next year in an effort to cut costs. The company also will close six of its 33 distribution facilities in North America.