Office Depot Commences Company-Wide Restructuring Office
Depot announced that it will restructure its domestic and international
fronts. The OPSS retailer will close 16 underperforming stores in North
America and 11 stores overseas, at a combined cost of $63.1 million,
and eliminate its Viking brand in the U.S. as part of a consolidation
plan that will cost the company $82.2 million.