The Recycler
  • G&G Masthead August 2024
  • Ambiente 2025 Masthead
  • Biuromax Masthead web banner March 2024
  • Katun Masthead Nov 2024

Trouble ahead at Office Depot?

July 29, 2019

One of Office Depot’s supplier credit insurers has pulled the credit insurance for the retailer.

Market Screener reported that the stationary chain Office Depot is potentially facing troubles with its suppliers. According to Newspaper reports, Euler Hermes has told Office Depot suppliers over the past two weeks it is un-willing to cover the retail chain.

Earlier this year Office Depot, Inc reported total sales for the first quarter 2019 were $2.8 billion (€2.5 billion), a decrease of two percent compared to the first quarter of 2018.

Retailers are not having an easy time. In August 2018 , the office supplier Office Outlet, formerly part of the Staples brand, collapsed following falling sales, in the midst of a bleak period for the British High Street.

Staples, also an office supplies retailer sold for $6.9 billion (€6 billion) to Sycamore Partners in 2017 with many store closures following the event.

Categories : City News

Tags : Business Office Depot Retail

  • Biuromax Nov 2024 Web Ad
  • Cartridge Web Nov Web Banner
  • TN Core Nov Web advert
  • IR Italiana Web ad January 2021
  • Ink Tank No Web advert
  • Apex Web ad Nov 2024
  • GM Technology Nov Web Ad
  • Static Control June 2022 Big & Bold Ad
  • G&G web advert October 2024
  • denner UK Web Banner Jul 2024
  • HYB Web banner Jan 2024
  • PCL Nov Web advert
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • Mito Web banner June 2024
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • ITP Web ad January 2021
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark