February 24, 2010, 12:00 AM

Office Depot reports a 14.6% decrease in web sales for 2009

Office Depot reported 2009 online sales of $4.1 billion, compared with web sales of $4.8 billion in 2008. Total sales declined year over year by 16.0%.

Lead Photo

Web and total sales dipped in 2009 for multichannel office supplies retailer Office Depot Inc., for the second year in a row.

For the year ended Dec.26, 2009, Office Depot reported:

  • Online sales were $4.1 billion, a 14.6% decline compared with web sales of $4.8 billion in 2008
  • Full-year 2009 sales were $12.1 billion, down by 16.0% from $14.5 billion. The company didn’t report comparable-store sales in its year-end earnings.
  • The web accounted for 33.8% of sales compared with 33.1% in 2008.
  • Net loss was $627 million, compared with a net loss of $1.48 billion in 2008.

Office Depot is No. 4 in the Internet Retailer Top 500 Guide.

 

“The decline in our Internet sales is proportional to the overall sales decline in our Business Solutions Division, from a year-over-year perspective,” says an Office Depot spokeswoman. “Business Solutions Division customers–or contract customers–primarily use one of our online channels for their purchasing, hence the decline in Internet sales.”

Office Depot doesn’t break out quarterly web sales, but for the fourth quarter did report:

  • Total sales were $3.1 billion, down by 6% from $3.3 billion in the prior year quarter.
  • Net loss was $77 million, compared with a net loss of $1.54 billion in Q4 2008.
  • Comparable-store sales declined 4%.

“Consistent with previous periods, the decrease in comparable-store sales was driven by macroeconomic factors as consumers and small business customers continued to hold back their spending, especially in higher priced, discretionary categories like furniture,” the retailer says.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement