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OfficeMax Releases 1Q Results
May 05, 2008
Naperville, Ill.-based OfficeMax Inc. reported total sales of $2.3 billion, a 5.5 percent decrease, for the first quarter ending March 29, 2008. Net income was $63.3 million, compared with $58.5 million for the same time period last year. Retail segment sales were $1.11 billion, a 5.5 percent decrease; while same-store sales declined 8.7 percent and gross margin dropped 28.5 percent from 29.3 percent. For the quarter, the company opened six retail stores in the United States and six locations in Mexico. "In the first quarter, we continued to experience lower sales levels in both our contract and retail segments, reflecting the weaker U.S. economy and our more disciplined, analysis-driven approach to sales generation and retention," said Sam Duncan, chairman and CEO of OfficeMax. "However, we were successful in streamlining operations and pursuing cost controls across our company." OfficeMax operates 988 throughout the United States and Mexico.
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September 04, 2007
The World Is Flat: Learn The Right Way To Incorporate New Display Technology Into Your Next Project
September 13, 2007 - 2PM Eastern
Sponsored by NEC
Join DDI and DigitalSignageToday.com for this live, interactive Web Seminar, sponsored by NEC, and hear directly from industry experts on how to go about choosing the right flat panel display for the project at hand. Attend this online-only event and learn how the Hyatt Regency Chicago, the city's largest hotel, has utilized digital display technology to better communicate vital information to its guests in a timely and efficient fashion.
Register
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