One week after a fourth quarter earnings report showed increasing strength in services amid lower sales of traditional products, Office Depot has entered a partnership that could further recast its image in the market.
The retailer had fallen after Amazon disrupted its traditional approach to the industry, and a merger with Staples that was designed to reclaim more of that market was struck down in 2016. Office Depot has since tried to rebound by focusing heavily on supporting small businesses, exemplified by its launch of the BizBox toolkit and its 2017 acquisition of IT services firm CompuCom.
