Naperville-based OfficeMax Inc. reported a higher-than-expected quarterly profit Wednesday as tight cost controls offset weak sales. Get the full story »
Inside these posts: Office supplies
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Acco names Elisman president and COO
Acco Brands Corp. promoted Boris Elisman, head of operations for its Americas region, to the new roles of president and chief operating officer.
The office-products business has reported improving results in recent quarters. In October it reported its Americas segment–the biggest top-line contributor–saw third-quarter operating profit edge up 1 percent as net sales grew by the same margin. The company produces widely recognized brands such as Swingline staplers and Kensington computer accessories. Get the full story »
Zebra 3Q profit doubles on strong sales
Specialty business printers maker Zebra Technologies Corp. posted a third-quarter profit that topped Wall Street view, driven by a 37 percent growth in hardware sales, and forecast fourth-quarter earnings above estimates. Get the full story »
Office Depot CEO steps down
Office Depot Inc.’s Chairman and CEO Steve Odland is stepping down by mutual agreement with the board.
The disclosure on Monday that Odland has resigned comes only days after the company, Odland and another executive agreed to pay civil penalties tied to Office Depot’s disclosure of corporate information to a select group of investors and analysts.
Grainger 3Q earnings up 4%, topping estimates
WW Grainger Inc. posted better-than-expected quarterly results and raised its full-year outlook for the second time this year, but its shares fell 3 percent as the industrial distributor forecast a moderation in fourth-quarter organic revenue growth. Get the full story »
Currency, acquisitions boost Grainger sales in July
W.W. Grainger reported a large increase in daily sales for last month, with some of the gain attributed to acquisitions and foreign exchange rates. Get the full story »
Zebra Technologies beats in 2Q
Specialty business printers maker Zebra Technologies Corp. posted second-quarter results above Wall Street view, driven by stronger-than-expected growth across all regions, and forecast third quarter largely above estimates. For the third quarter, the company expects to earn 36 cents to 43 cents per share, on revenue of $230 million to $244 million. Get the full story »
OfficeMax stocks off 12% on 2Q sales, outlook
Office Max Inc.’s stock dropped 12 percent in morning trading following news that the company was expecting lower-than-forecast sales for the third quarter.
The company said this morning in reporting weaker than expected quarterly sales, the economy was recovering at a slower rate than expected and expects to face “headwinds” in the second half of the year due to continued high unemployment and other economic conditions. Get the full story »
OfficeMax COO leaves for another company
OfficeMax Inc. said its chief operating officer has left to become the chief executive of another public company, the latest executive to leave–or plan to leave–its ranks. The office-supplies retailer said Sam Martin, who was also an executive vice president, stepped down from his role effective Wednesday. Get the full story »
