CEO Roland Smith will retire and Troy Rice will oversee e-commerce as Office Depot’s new chief operating officer.
The multichannel book retailer reported $134 million in holiday e-commerce sales, up by 17% from $114.2 million in the same nine-week period last year. Comparable-store sales were down 5.4% for the same period.
The Internet delivered happy holiday sales greetings to Barnes & Noble Inc.
For the nine-week holiday sales period from Nov. 1. to Jan. 2, Barnes & Noble reported:
- Web sales were $134 million, up by about 17% from $114.2 million in the prior year period.
- Store sales were $1.10 billion, a 5% decrease from about $1.15 billion.
- Comparable-store sales declined 5.4%.