Drop in sales:
-16.8 percent 2005 sales:
$14.3 billion 2010 sales:
$11.9 billion 5 yr. change in stock price:
All three of the major office supply companies — the other two being OfficeMax and Staples — have done poorly for three reasons. First, there are too many competitors in the sector. Second, retailers from outside the sector, particularly the Wal-Mart/Sam’s Club franchise, have further divided market share and depressed the margins. And the last and most obvious battle is the toll taken by the recession.
(AP Photo/Gene J. Puskar) More From 24/7 Wall St.: Worst Housing Markets Poised to Recover Cities Where Home Prices Continue to Collapse Cities with the Poorest Neighborhoods The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.