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OfficeMax

OfficeMax Incorporated was an American office supplies retailer founded on April 1, 1988, in Cleveland, Ohio, by entrepreneurs Michael Feuer and Robert Hurwitz, who aimed to create a discount warehouse-style chain for business products.^[1] The company opened its first store on July 5, 1988, in a Cleveland shopping center and achieved profitability within six months, expanding to 13 locations across Ohio and Michigan by mid-1989 through aggressive growth strategies.^[1] In the early 1990s, OfficeMax accelerated its expansion amid a challenging economic recession and intense competition from rivals like Kmart's Office Square division, merging with Office World in 1990 to add seven stores and reaching 30 locations overall.^[1] By 1993, following major acquisitions of Office Warehouse (46 stores) and Bizmart (105 stores), OfficeMax operated 328 stores across 38 states, generating $1.41 billion in sales and establishing itself as the third-largest U.S. office supply retailer.^[1] The company went public via an initial public offering in 1994, after Kmart divested its majority stake, and continued growing to over 400 stores by 1995 with annual sales exceeding $1.84 billion.^[1] OfficeMax faced ongoing industry pressures from e-commerce and shifting consumer habits in the 2000s, leading to store consolidations and strategic shifts toward business services.^[2] On February 20, 2013, OfficeMax announced a merger of equals with Office Depot, Inc., valued at approximately $1.2 billion, which was completed on November 5, 2013, creating a combined entity with enhanced scale in retail and wholesale operations.^[3]^[2] Following the merger, OfficeMax became a key brand under The ODP Corporation (NASDAQ: ODP), the parent company that operates Office Depot retail stores and ODP Business Solutions for B2B distribution.^[3]^[4] As of 2025, The ODP Corporation continues to utilize the OfficeMax banner for select retail locations and online offerings, focusing on office products, furniture, technology, and print services, while navigating store closures and a pending acquisition by Atlas Holdings expected to close by year-end, which will take the company private at a $1 billion valuation.^[5]^[6] The combined operations serve small- to medium-sized businesses through an integrated platform, with over 800 retail stores in North America and a workforce supporting annual revenues around $7 billion.^[4]^[7]

Overview

Founding and early operations

OfficeMax was founded on April 1, 1988, in Cleveland, Ohio, by Bob Hurwitz and Michael Feuer.^[1] Hurwitz served as executive chairman and chief executive officer, while Feuer was appointed president and chief operating officer, with both roles becoming effective on the founding date.^[8] The company emerged from the founders' vision to disrupt the office supply market by creating a new retail format inspired by successful discount models in other sectors.^[9] The first OfficeMax store opened on July 5, 1988, at the Golden Gate Shopping Center in Mayfield Heights, Ohio, a suburb of Cleveland.^[10] This location introduced a discount warehouse-style retail concept, featuring a big-box format with high-volume sales of office supplies, furniture, and equipment at prices 10 to 30 percent lower than traditional retailers.^[1] The model targeted small businesses and individual consumers by eliminating middlemen, offering an exciting shopping experience with everyday low pricing, and stocking a wide range of products in an accessible, no-frills environment.^[9] Early operations emphasized rapid growth to establish market presence in the Midwest. Within the first 12 months after the initial store opening, OfficeMax expanded to 13 locations across Ohio and Michigan, generating $13 million in annual sales by mid-1989.^[1] This swift rollout was supported by an initial $3 million raised from 50 investors, including friends, family, and local professionals, allowing the company to capitalize on the growing demand for affordable office products.^[1]

Current status and ownership

OfficeMax has operated as a subsidiary brand of The ODP Corporation, the parent company of Office Depot, since the completion of their merger in 2013.^[11] Following the merger, OfficeMax's headquarters were relocated to Boca Raton, Florida, where it shares corporate facilities with Office Depot.^[12] As of November 2025, the ODP Corporation operates approximately 827 retail stores in the United States under the Office Depot and OfficeMax brands.^[13] On September 22, 2025, The ODP Corporation announced its acquisition by an affiliate of Atlas Holdings in an all-cash transaction valued at approximately $1 billion, or $28 per share, representing a 34% premium to the closing stock price on September 19, 2025.^[14] The deal, expected to close by the end of 2025 as announced in September 2025 subject to regulatory and shareholder approvals, will take The ODP Corporation private and transition OfficeMax under private ownership.^[15] OfficeMax continues to maintain its distinct branding alongside Office Depot, with operations centered in the United States and select international markets such as Mexico.^[16]

Historical development

Initial expansion and public offering (1988–1995)

Following its founding in 1988 by Michael Feuer and Robert Hurwitz, OfficeMax rapidly expanded from a single store in Cleveland, Ohio, to a national chain. By mid-1989, the company operated 13 stores in Ohio and Michigan, focusing on a warehouse club model that emphasized high-volume, deep-discount superstores stocking over 6,000 office products while bypassing traditional middlemen for efficiency.^[1] In 1990, OfficeMax merged with Office World, adding seven stores and reaching 30 locations by summer, which provided a foundation for broader market entry. This growth accelerated in 1991 when Kmart Corporation acquired a 92% stake for significant capital infusion, enabling further expansion beyond the Midwest; by the end of 1993, OfficeMax had grown to 328 stores across 38 states, including key entries into competitive markets like Florida and California.^[10]^[1] The company's aggressive acquisition strategy in 1992–1993 bolstered this expansion, with the purchase of Office Warehouse (46 stores) in June 1992 and Bizmart (105 stores) in 1993, which integrated diverse regional footprints and pushed annual sales to $1.41 billion by 1993—the first year of positive net income at $1.08 million.^[10]^[17] Under Kmart's majority ownership, OfficeMax operated as a subsidiary, leveraging the parent company's resources to refine its warehouse model, which prioritized large-format stores with efficient distribution to offer everyday low prices on supplies, furniture, and technology. However, Kmart's broader underperformance in the early 1990s, amid competitive pressures and financial strains, prompted a strategic refocus on its core discount retailing.^[1] By the end of 1994, OfficeMax had reached 388 stores in 40 states and Puerto Rico, with sales climbing to $1.81 billion.^[10] This period culminated in OfficeMax's transition to an independent public company through a major initial public offering on November 2, 1994, when it sold 35.7 million shares at $19 each on the New York Stock Exchange, raising approximately $678 million and reducing Kmart's stake from 90% to 25%.^[18] The IPO, the largest in retail chain history at the time, funded continued growth and marked the end of Kmart's controlling interest. In July 1995, Kmart fully divested its remaining shares via a secondary offering, allowing OfficeMax to operate autonomously; by mid-1995, the chain had surpassed 400 stores in 41 states and Puerto Rico, with sales exceeding $1.84 billion and projections for $2.5 billion by early 1996, solidifying its position as the second-largest office superstore chain behind Office Depot.^[1]^[10]

Acquisitions and ownership changes (1996–2012)

In the mid-1990s, OfficeMax built upon its domestic foundation by pursuing strategic acquisitions and international partnerships to fuel growth. These international ventures expanded OfficeMax's global footprint, with operations continuing through the Boise acquisition and into the 2010s. That year marked OfficeMax's entry into Mexico through a joint venture with Grupo Oprimax, culminating in the opening of its first superstore in Mexico City and laying the groundwork for further regional expansion.^[9] Concurrently, the company expanded into New Zealand in 1996 via the acquisition of a local distributor, establishing a foothold in the Australasian market.^[19] OfficeMax also entered Canada that year by acquiring Grand & Toy, a prominent business-to-business office products provider, which operated retail and contract services.^[20]^[21] A pivotal ownership shift occurred in 2003 when Boise Cascade Corporation acquired OfficeMax for $1.3 billion in cash and stock, integrating it into its portfolio to combine paper manufacturing strengths with retail distribution.^[22] Post-acquisition, select operations were rebranded under the Boise banner to capitalize on synergies in office paper and supplies, enhancing supply chain efficiencies.^[23] By 2004, Boise Cascade restructured by spinning off its wood products division into a separate entity, allowing the office supplies business—renamed OfficeMax Incorporated—to operate as an independent public company headquartered in Itasca, Illinois, with OfficeMax retaining a minority stake in the spun-off timber operations. Under this renewed independence, OfficeMax reached its peak U.S. footprint by the end of 2007, operating 976 retail stores alongside international locations.^[24] However, the rise of online competitors like Amazon eroded market share, leading to a 2.8% sales decline in 2012 and prompting restructuring initiatives, including debt refinancing and operational streamlining to address profitability pressures.^[25]^[26]

Merger with Office Depot and integration (2013–2020)

On February 20, 2013, Office Depot, Inc. and OfficeMax Incorporated announced an all-stock merger of equals valued at approximately $1.2 billion, aimed at combining their operations to form the largest office supply retailer in the United States and better compete against rival Staples, Inc. amid intensifying industry competition.^[27] The deal was motivated in part by OfficeMax's recent history of ownership changes, including private equity acquisitions that had introduced financial pressures.^[28] Following stockholder approvals in July 2013, the merger faced scrutiny from the Federal Trade Commission (FTC) over potential antitrust concerns related to reduced competition in local markets.^[29] The FTC conducted a seven-month investigation and unanimously closed it on November 1, 2013, without requiring divestitures or other conditions, determining that the merger would not substantially lessen competition due to evolving market dynamics, including e-commerce pressures from Amazon and others.^[27] The transaction was completed on November 5, 2013, with OfficeMax shareholders receiving 2.69 shares of Office Depot common stock for each OfficeMax share, and the combined company retaining the Office Depot name while maintaining OfficeMax branding for some stores.^[30]^[31] Post-merger, the entity operated under Office Depot, Inc., with interim co-CEOs Neil Austrian and Ravi Saligram, and Roland Smith appointed as CEO on November 13, 2013, focusing on cost savings projected at $400–$600 million annually through supply chain efficiencies and administrative overlaps.^[32] Integration efforts began immediately, addressing geographic overlaps that resulted in plans to close at least 400 underperforming stores across both banners by 2016 to streamline the retail footprint.^[33] Many OfficeMax locations were rebranded to Office Depot, while others were shuttered; the first wave of OfficeMax closures occurred on May 16, 2015, affecting multiple sites nationwide as part of broader consolidation.^[34] By 2018, all major integration activities were complete, including systems unification and workforce adjustments, leading to sustained operational synergies.^[35] The combined company reported annual revenue of $9.51 billion for fiscal year 2020, reflecting stabilized operations and a diversified model emphasizing business-to-business services alongside retail.^[35]^[36]

Operations

Domestic retail network

OfficeMax's domestic retail network forms the core of its U.S. operations, integrated with Office Depot following their 2013 merger to create a unified presence in the office supplies sector. As of November 2025, the combined entity operates 822 retail stores across the United States under the Office Depot and OfficeMax brands, with OfficeMax branding retained at select locations to maintain regional familiarity and customer loyalty.^[37]^[38] These stores are strategically distributed nationwide, with a concentration in major markets such as Texas, California, and Florida, reflecting the post-merger optimization that included closures to enhance network efficiency.^[39]^[40] The typical store format adheres to a big-box retail model, averaging 24,000 square feet to accommodate a broad range of displays and services.^[41] Positioned in both suburban and urban areas, these outlets cater to small businesses, consumers, and large enterprises by providing accessible locations near commercial hubs and residential zones.^[40] Key features include curbside and in-store pickup options, bolstered by a 15-minute pickup promise for qualifying online orders placed through the integrated platform, which enhances convenience and supports hybrid shopping behaviors.^[42]^[43] Supporting this network is a robust supply chain with centralized distribution centers, such as the facility in Carol Stream, Illinois, complemented by more than 55 warehouse and distribution sites across North America.^[44]^[45]^[46] This infrastructure ensures efficient inventory management and timely replenishment for stores, drawing from additional hubs in states like Maryland and Colorado to cover diverse regional needs.^[47]^[48] In adapting to modern retail trends, OfficeMax's domestic stores are fully integrated with Office Depot's e-commerce platform, facilitating omnichannel experiences where customers can browse online, order digitally, and fulfill via in-store pickup or delivery.^[49]^[50] This seamless connection has been key to post-merger growth, allowing the network to leverage digital tools for enhanced accessibility while preserving physical retail strengths.^[51]

International presence and closures

OfficeMax entered the Mexican market in 1996 through a joint venture with Grupo Gigante, known as Grupo OfficeMax de Mexico, which opened its first superstore in Mexico City that year.^[9] By 1998, OfficeMax had increased its stake in the joint venture from 19% to 39%.^[52] The partnership expanded significantly, operating over 100 stores by 2013, with two new locations added in the first half of that year alone.^[53] Following the 2013 merger with Office Depot, the operations briefly continued under the ODP Corporation umbrella, though OfficeMax's interest in the joint venture was sold to Grupo Gigante in July 2013 for approximately $690 million.^[54] In Australia, OfficeMax established its presence in 1994 through the acquisition of local office supply operations, adapting the U.S. retail model to the regional market. The business grew to become a key player in office products distribution but faced intensifying competition and declining sales in the late 2010s. In 2018, the Australian operations were sold to Platinum Equity, a U.S.-based private equity firm, which integrated them with Winc Australia to form a combined entity under the Winc brand.^[55] This divestiture marked the end of direct ODP ownership in the Australian market in 2018, amid broader shifts toward e-commerce and consolidation in the sector.^[56] OfficeMax expanded into New Zealand in 1996, building on its Australian foothold to establish a network of retail stores focused on office supplies and business services. The operation peaked with around 20 stores nationwide, serving both retail and contract customers through distribution centers in Auckland and Christchurch. Following the 2018 sale to Platinum Equity, the company faced market saturation, evolving consumer preferences for online purchasing, and the impacts of the COVID-19 pandemic, prompting a strategic pivot. On August 26, 2020, under Platinum ownership, OfficeMax closed all 14 remaining physical stores, resulting in 55 job losses, and transitioned to an online-only model to streamline operations, which continues as of 2025.^[57]^[58] OfficeMax maintained a brief retail presence in Canada during the 1990s, primarily through acquisitions and partnerships that aligned with its North American expansion strategy. These operations were largely discontinued in the early 2000s due to competitive pressures and a focus on core U.S. markets, though the company later re-entered via the 2003 acquisition of Grand & Toy, a historic Canadian supplier. The Grand & Toy retail footprint, operating under OfficeMax branding post-merger, consisted of 19 stores by 2014 but was fully shuttered that year to emphasize e-commerce and direct sales channels; as of 2025, Grand & Toy continues as a B2B provider under ODP Corporation without physical retail stores.^[59]^[21] As of 2025, OfficeMax, under ODP Corporation, has no active retail operations in Europe or Asia, with international activities limited to global sourcing and B2B distribution rather than storefronts.^[60]

Products and services

Retail offerings

OfficeMax retail stores and their integrated online platform offer a wide array of consumer-oriented office supplies, focusing on essential items for home offices, small businesses, and personal use. Core product categories include paper products such as copy paper, notebooks, and specialty sheets; ink and toner cartridges compatible with major printer brands; writing instruments like pens, pencils, markers, and highlighters; filing supplies encompassing folders, binders, file cabinets, and storage boxes; and office machines including printers, shredders, laminators, and calculators. These items are stocked to support everyday productivity needs, with an emphasis on quality and compatibility across various devices.^[61]^[62] In the realm of furniture and technology, OfficeMax provides desks, chairs, storage units, and ergonomic accessories under private-label brands like Realspace for affordable, versatile office furniture and Ativa for technology products such as shredders, calculators, and laptop accessories. Technology selections also feature computers, monitors, webcams, and peripherals like keyboards and mice from established manufacturers, alongside cables, surge protectors, and networking equipment to enhance workspace setups. These offerings cater to both functional and aesthetic preferences, with modular designs allowing customization for small spaces.^[63]^[64] Seasonal and ancillary items round out the retail assortment, including cleaning supplies like disinfectants, paper towels, and trash bags; breakroom essentials such as coffee makers, snacks, and disposable cups; and promotional products tied to school seasons or back-to-office transitions, featuring backpacks, planners, and educational tools. These categories address broader household and preparatory needs, often highlighted during peak shopping periods to drive foot traffic.^[65] OfficeMax employs a pricing strategy centered on everyday low prices for standard items, supplemented by bulk discounts on high-volume purchases like paper reams or toner packs, positioning it competitively against e-commerce giants like Amazon and big-box retailers like Walmart. This approach includes frequent promotions and rewards programs that provide instant savings on qualifying buys, ensuring accessibility for budget-conscious consumers without relying on sporadic sales events.^[66]^[67]^[68]

Business solutions and e-commerce

OfficeMax's business-to-business (B2B) offerings, integrated into ODP Business Solutions following the 2013 merger with Office Depot, provide customized procurement programs designed to streamline purchasing for corporations through tools like ODP360, an e-commerce solution for branded custom stores and automated ordering systems.^[69] These programs enable organizations to create tailored online portals for employee purchases, incorporating spend controls, custom catalogs, and integration with enterprise resource planning (ERP) systems to optimize procurement efficiency.^[70] Managed print services form a core component, offering comprehensive solutions that assess, deploy, and maintain printing environments to reduce costs and environmental impact, including device optimization, supply replenishment, and analytics for print usage.^[71] Facility management services support corporate operations by addressing sustainability goals, budget optimization, and labor reduction through offerings like space planning, maintenance coordination, and supply provisioning for workspaces.^[72] The e-commerce platform, unified under www.officedepot.com post-merger, serves as the primary digital channel for B2B transactions, featuring subscription reordering for recurring supplies such as ink and office essentials, allowing automated delivery schedules to minimize downtime.^[73] This platform supports API integrations for seamless connectivity with customer systems, enabling real-time inventory syncing and order processing for enterprise clients.^[74] Specialized services enhance the B2B ecosystem, with copy and print centers providing on-demand production for marketing materials, signage, and promotional items, supported by nationwide fulfillment networks.^[75] Tech support through ODP Tech Connect delivers IT solutions including device setup, cybersecurity assessments, and digital protection plans tailored for business environments.^[70] Recycling programs facilitate sustainable practices, offering free in-store drop-off for electronics like cell phones and batteries, as well as ink and toner cartridges, with rewards incentives such as $2 credits per cartridge (up to 10 monthly) tied to qualifying purchases.^[76]^[77] Post-merger enhancements have leveraged a shared supply chain across Office Depot and former OfficeMax operations, enabling faster B2B delivery times through centralized distribution centers and optimized logistics, particularly benefiting small-to-medium enterprises (SMEs) with same-day or next-day fulfillment options.^[78] This integration has expanded access to over 400,000 products, including technology and cleaning supplies, while focusing on cost-containment strategies like demand management for SME clients.^[79]

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VERIFIED MILITARY OFFER 25% back in Bonus Rewards on qualifying purchases automatically when you log into your verified account and shop online.Read all FAQs · Military Verification · Teacher DiscountsMissing: retail | Show results with:retail
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Who has the cheapest office supplies? - HotBot
Jul 16, 2024 · Walmart and Amazon offer competitive prices. BulkOfficeSupply.com and Boxed offer bulk discounts. Comparison shopping and price matching can ...Missing: everyday | Show results with:everyday
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ODP360
We are an innovative e-commerce solution for branded custom purchasing programs. We create custom company stores with innovative systems and technology.Printing Services · Category: Printing Services · Corporate Apparel · Sign Up
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https://www.officedepot.com/l/brand/realspace
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https://www.officedepot.com/l/brand/ativa
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https://www.officedepot.com/l/deal-center/top-deals
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https://www.officedepot.com/
[67]
Commerce Connect 14 + ODP - Optimizely
Use Optimizely Commerce Connect 14 to export data to Optimizely Data Platform for enhanced analytics and insights.Missing: reordering | Show results with:reordering
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https://www.hotbot.com/answers/who-has-the-cheapest-office-supplies
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https://www.officedepot360.com/
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Ink and Toner Cartridge Recycling - Office Depot
4.5 207 Office Depot® OfficeMax® Recycling Rewards: $2 back in rewards is earned for each recycled cartridge, up to 10 per month, when you make a $10 qualifying ...
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eCollection Technology Recycling Service - Office Depot
In stockA simple solution to dispose of your unwanted technology items. Use for small electronics like cell phones, batteries and other consumer electronics.
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ODP Business Solutions | OMNIA Partners | Public Sector
The ODP Business Solutions cooperative contracts through OMNIA Partners provides office and educational supplies, cleaning, print, tech and more.
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ODP Business Solutions
Custom copy & print services, as well as office supplies tailored to your needs. COST CONTROLS. Cost-containment solutions such as demand management and global ...Missing: OfficeMax B2B managed facility