February 11, 2004, 12:00 AM

Web sales pace revenue growth at Office Depot, reaching $2.6 billion

Worldwide web sales for Office Depot reached $2.6 billion for the year just ended, the company reported today, up 25% from the prior year. Total company sales grew 9% to $12.4 billion.

 

Worldwide web sales for Delray Beach, FL-based Office Depot Inc. reached $2.6 billion for the year just ended, the company reported today, up 25% from the prior year. Total company sales grew 9% to $12.4 billion. Web sales accounted for 21% of all sales vs. 18.3% in the prior year. Comparable store sales were down 2%.

In the fourth quarter, web-based sales were up 31% to $726.4 million while total sales grew 14% to $3.3 billion. Q4 web sales were 22% of all sales. Comparable store sales were down 2% in Q4.

Office Depot reports that its 22 North American delivery centers experienced higher productivity and declining costs while delivering high metrics on customer service quality.

Net earnings for 2003 reached $276.3 million. Net earnings for the quarter were $45.8 million

 

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