Office Depot reported Tuesday that its sales were flat for the fourth quarter, but it improved profitability. Annual sales dropped by 1 percent.
The Boca Raton-based office supply company reported
Microsoft Office 2010 a profit of $60 million, or 22 cents a share, in 2011, compared
Office 2010 Key to a loss of $82 million, or 30 cents a share in 2010.
Annual sales were $11.5 billion, down
Office 2010 from $11.63 billion in 2010.
For the quarter, Office Depot said it had a $12 million, or 4 cents a share, for its final quarter of 2011, compared
microsoft 2010 to a loss of $109 million, or 39 cents a share, in the fourth quarter of 2010.
Sales were $3 billion, flat compared
Download Office 2010 to the same quarter in 2010.
Chief Executive Neil Austrian said he was pleased
Microsoft Office 2007 Professional with the quarterly results despite a slow economic recovery in the U.S. and increasing business pressures across Europe."Sales in the office supply chain's North American Retail
Office Professional 2010 Division were $1.2 billion in the fourth quarter of 2011, also flat versus the prior year.
Office Depot said its decline in same-store sales was due to a strategy to
MS Office 2010 less promotional pricing during the holiday to improve profitability. The retailer said sales increased in office basics including writing instruments, and cleaning and breakroom products. In technology, the store had strong
MS Office 2007 sales in tablets but they didn't offset a higher- than-expected decline in sales of computers and related products.
The global office supply
Office 2007 company employs 3,400 in South Florida.
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