Office Depot Inc. said that its third-quarter earnings would suffer due to soft European contract sales, lower-than-expected North American Business Services Group contract and commercial sales, and depressed North American Retail revenue.
The Delray Beach, FL-based firms said that it had sustained unexpected costs and lost sales due to three major storms having hit its sales area. Its headquarters were closed for four days due to the storms. A fourth, Hurricane Ivan, is further threatening the chain
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