WASHINGTON (dpa-AFX) - Office Depot, Inc. (ODP), a provider of office products, services, and solutions, Wednesday said as part of its participation today at the Goldman Sachs 21st Annual Global Retailing Conference in New York City, it plans to reiterate its outlook for full year 2014.
The firm still expects to generate adjusted operating income of not less than $200 million in 2014, and anticipates total company sales to be lower than 2013 combined pro forma sales.
For the third quarter, the company expects total adjusted year-over-year sales to be similar to the trend seen in the first half pf this year.
Office Depot, formed by the merger of Office Depot and OfficeMax in November 2013, announced that it has been awarded a $100 million-plus contract for office supplies and other office solutions by Corporate United following a competitive solicitation process.
Corporate United, which is a horizontal indirect group purchasing organization, offers an enhanced approach to ongoing contract and supplier management.
The new agreement with Office Depot includes office supplies, furniture, technology products and copy and print services provided at significant discounts and savings to eligible member companies.
'Office Depot is proud to have the opportunity to partner with Corporate United to provide our customers with unprecedented value, selection and the highest quality products,' said Steve Calkins, executive vice president, business solutions division for Office Depot.
In early August, Office Depot reported a wider second-quarter loss, particularly on merger-related expenses.
ODP closed Tuesday's regular trading at $5.44, up 6.25 percent.
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