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Why Analysts Project Office Depot’s 4Q17 Sales to Decline

Why Analysts Project Office Depot’s 4Q17 Sales to Decline

Analysts expect Office Depot (ODP) to report a 4.1% decline in sales when it reports its 4Q17 results on February 28, 2018. The expansion of e-commerce, especially the threat of Amazon (AMZN), has hit Office Depot hard. During its 2Q17 earnings conference call, management acknowledged that Amazon Business was encroaching on its Business Solutions division.