Office Depot, a leading office supply retailer, is closing its store near downtown Orlando on March 25.
The store is located at 2112 E. Colonial Drive and has been operating since 1995.
Office Depot, 2023
The closure is part of a broader restructuring plan that Office Depot announced in May 2020, which involves cutting about 13,100 jobs and closing certain retail stores by the end of 2023. The company said it aims to curb costs and focus on its IT services business units, such as CompuCom and BizBox.
Office Depot spokeswoman Shera Bishop told the Orlando Business Journal that the company is “optimizing its retail footprint” and will continue to serve local customers at nearby Office Depot stores or online at officedepot.com.
She said the closing sale for the Orlando store began on Jan. 26 and offered discounts on remaining inventory.
The property that Office Depot currently occupies is owned by Chau Nguyen, CEO and founder of Kobe Japanese Steakhouse. Hien Nguyen, real estate manager and development coordinator for Kobe Realty, told the Orlando Business Journal that Dollar Tree will replace Office Depot after it vacates the space.
Office Depot is not alone in facing challenges in the retail sector.
According to Business Insider, more than 800 stores are expected to close across the US this year, including Amazon, Walmart, Bed Bath & Beyond, Macy’s, and Big Lots
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