Iconic national office retailer closing stores, no bankruptcy

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• In 2024, ODP reported revenue of $7 billion, a far cry south of its post-merger total and revenue of $11.7 billion 10 years ago in 2015

  80% confidence

• In the first six months of 2025, the Business Solutions unit generated 52% of total sales. That's up from 51.3% a year earlier, driven by slower declines in B2B compared with retail

  80% confidence

• U.S. office supplies sales revenue across physical and digital retail channels totaled $11.5 billion in 2024, suggesting a 5% year-over-year decline, as total unit demand dropped 2%

  80% confidence

• 40% of office workers still prefer handwritten notes, despite using digital tablets

  80% confidence

• Amazon Basics captures 12% of online office supply sales

  80% confidence

• Customers were using fewer office supplies and migrating to online shopping, reducing the ability to sell add-on items and making them more value-conscious. Staples will close about 225 stores by 2015, with expectations to cut costs by $500 million as a result.

  80% confidence

• This transaction provides a substantial premium for shareholders and will improve the company's position for the next phase of growth. Atlas brings operational expertise and resources that will fast forward B2B growth initiatives.

  80% confidence