May 21, 2013
OfficeMax Inc. (NYSE: OMX) is the third largest office supply retailer in the United States. The company operates two main divisions: one that sells office supplies in retail stores and another that deals directly with mid-size and large businesses via contract sales. OfficeMax's $7.2 billion in total sales in 2009, a 12.8% decrease from 2008, was about equally split between the two divisions.
OfficeMax substantially trails market leaders Staples (SPLS) and Office Depot (ODP) in terms of sales, with each earning $24.3 billion[1] and $12.1 billion[2] respectively. Although OfficeMax has put an emphasis on improving its profit margins, the company still trails the much larger Staples considerably because Staples has greater economies of scale.
(Read more at Wikinvest
)