Saturday, December 13, 2008

0 for 2

Office Depot has announced the closing of the Carbondale store along with another 16 underperforming stores in Illinois. It lasted about as long as OfficeMax did at the same location. Nationwide Office Depot will close 112 of its stores and cut about 2200 jobs over the next three months. Naturally, the stock price of the company rose about 9% afte the news was announced.

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