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OFFON

THE ODP CORPORATION

(ODP)
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ODP : Office Depot, OfficeMax offer up 20-minute promise

10/15/2021 | 06:51am EST

Office Depot and OfficeMax are launching a fast pickup option, the "20 Minute Pickup Promise," just in time for holiday shoppers.

The in-store and curbside pickup service requires that orders, via the retailer's app or online store, be made one hour before a store's closing time, and if the stores fail to provide the ordered item in 20 minutes the customers will get a $20 coupon for their next qualifying purchase, according to a press release.

"We know our customers value convenience and friendly, helpful service, especially during the holiday season, which is a stressful time of the year for many," Kevin Moffitt, executive vice president and chief retail officer for Office Depot, said in the release. "Whether purchasing items to prepare your small business for the holiday rush, upgrading a home office or thanking a favorite teacher with a holiday gift, our store pickup program is an industry-leading promise to customers to get them what they need in 20 minutes or less."

Office Depot LLC is a wholly owned subsidiary of The ODP Corp. and operates approximately 1,100 stores.

Copyright © 2021 Networld Media. All rights reserved., source Industry News

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Analyst Recommendations on THE ODP CORPORATION
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Financials (USD)
Sales 2021 8 606 M - -
Net income 2021 122 M - -
Net cash 2021 486 M - -
P/E ratio 2021 18,5x
Yield 2021 -
Capitalization 2 179 M 2 179 M -
EV / Sales 2021 0,20x
EV / Sales 2022 0,21x
Nbr of Employees 37 000
Free-Float 76,6%
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Technical analysis trends THE ODP CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 42,25 $
Average target price 58,00 $
Spread / Average Target 37,3%
EPS Revisions
Managers and Directors
Gerry P. Smith Chief Executive Officer & Executive Director
Diego Anthony Scaglione Chief Financial Officer & Executive Vice President
Joseph S. Vassalluzzo Non-Executive Chairman
Todd Hale Chief Information Officer & Executive VP
Terry Leeper Chief Technology Officer & Executive VP
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