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.