Office Depot E-Sales Grow in Third Quarter

Office Depot Inc.’s worldwide e-commerce sales grew 35% to $542.9 million during the quarter and by 36% to $1.5 billion for the first nine months of 2002.

The company expects to exceed $2 billion in worldwide e-commerce revenue in 2002. During the quarter, Office Depot launched an office products store on Amazon.com, as well as two new Viking e-commerce Web sites in Belgium to accommodate Dutch-speaking and French-speaking customers in that country. As of the end of the third quarter, Office Depot had 20 international Web sites under the Office Depot and Viking brand names.

Total company sales for the third quarter ended Sept. 28 grew 4% compared to the third quarter of 2001, to $2.9 billion. For the first nine months of 2002, sales grew 3% to $8.5 billion compared to the same period last year.

Worldwide comparable sales in the 864 stores and 39 delivery centers that have been open for more than one year improved 1% for the third quarter and were flat for the first nine months of 2002.