Office Depot Inc. posted a net loss of $2 million in the second quarter, compared to net earnings of $106 million in the prior year.
The direct marketer and retailer reported sales of $3.6 billion for the quarter ended June 28, a 1% decrease from $3.63 billion last year. T
The Delray Beach, FL firm posted sales of $1.4 billion in its North American retail division for the quarter, a 6% decrease from $1.5 billion in the prior year.
The unit reported an operating loss of $4 million for the second quarter, compared to an operating profit of $99 million last year. Operating profit as a percentage of sales decreased 680 basis points to a negative 0.3% versus a positive 6.5% in the prior year.
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