The ODP Corp - Company Profile

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Business Description

The ODP Corp (ODP) provides office supplies, business products and services through an omni-channel platform. It manages retail operations through multiple channels, consisting of retail stores, a B2B sales force, internet websites, and call centers. The company categorizes its offerings into four categories: supplies, technology, furniture and other, and copy and print. The supplies category includes paper, personal protective equipment, office supplies, cleaning and breakroom supplies, writing instruments and product subscriptions. The technology category includes toner and ink, tablets, printers, computers and accessories electronic storage, and sales of third-party software, as well as technology support services in its retail stores. The furniture and other category includes products such as luggage, desks, seating, gift cards, and warranties. The copy and print category includes printing of business cards, copying and photo services, banners, documents and promotional products, and managed print and fulfilment services. In FY2023, supplies accounted for 49.8% of the company’s revenue, followed by technology (27.8%), furniture and other (14.1%), and copy and print (8.3%).

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Business Segments

Overview

Provides B2B distribution solutions to medium, small, and enterprise level companies, including those in public and education sectors. Operates in the US, Puerto Rico, the US, Virgin Islands, and Canada. Sells national branded and private branded office supply products and adjacency products and services, including janitorial, cleaning, and breakroom supplies, copy and print services, office furniture, technology products.

Performance

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Overview

Provides office supplies, technology products and solutions, business machines and related supplies, breakroom and facilities products, cleaning, personal protective equipment, and office furniture. Offers business services comprising digital imaging, mailing, shipping, copying, printing and technology support service. The company under this segment distributed products through a fully integrated omni-channel platform of 916 Office Depot and OfficeMax retail locations in Puerto Rico, the United States and the U.S. Virgin Islands, and eCommerce platform.

Performance

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Overview

Operates tech-enabled B2B indirect procurement marketplace that enables suppliers and buyers to transact through the platform’s consumer-like buying experience, advanced spend management tools, supplies network, and technology capabilities. Provides services to middle and small sized businesses.

Performance

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Overview

Includes distribution, supply chain, procurement and global sourcing operation. Comprises B2B and consumer business service delivery with fulfillment, distribution, transportation, global sourcing and purchasing activities. Major customers include the company’s office depot division and ODP business solutions division, and third-party customers. Conducts global sourcing operations in Asia.

Performance

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