Office Depot Inc., was incorporated in 1986 in Delaware with the opening of its first retail store in Fort Lauderdale, Florida. On November 5, 2013, the Company completed its merger with OfficeMax Incorporated ("OfficeMax") in an all-stock transaction. The Company operates its business in three segments: North American Retail Division, North American Business Solutions Division and International Division. The former OfficeMax U.S. Retail business is included in the North American Retail Division. The former OfficeMax United States and Canada Contract business is included in the North American Business Solutions Division. The former OfficeMax businesses in Australia, New Zealand and Mexico are included in the International Division. The North American Retail Division sells a broad assortment of merchandise through the chain of office supply stores throughout the United States, including Puerto Rico and the U.S. Virgin Islands. It currently offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture from national brands as well as its own brands. The North American Business Solutions Division sells nationally branded and its own brands' office supplies, technology products, cleaning and breakroom supplies, office furniture, certain services, and other solutions to customers in Canada and the United States, including Puerto Rico, and the U.S. Virgin Islands. Office Depot customers are served by a dedicated sales force, through catalogs, telesales, electronically through the Internet sites, and limited store locations in Canada. The Company operates a network of distribution center (or "DC") and crossdock facilities across the United States, Puerto Rico, and Canada. Crossdocks are flow-through facilities where bulk merchandise is sorted for distribution and shipped to fulfill the inventory needs of its retail stores and customers. Certain of the DCs are combination facilities, in which both DC and crossdock activities are performed. The DC and crossdock facilities' costs, including real estate, technology, labor and inventory, are allocated to the North American Retail Division and North American Business Solutions Division based on the relative services provided. The Company operates under the Office Depot and OfficeMax brand names. As part of the integration activities, it anticipates reviewing brands and trademarks for future usage. It holds trademark registrations domestically and all over world and have numerous other applications pending all over world for the names "Office Depot", "Viking", "Ativa", "Foray", "Realspace", "OfficeMax", "TUL", "WorkPro", "Brenton Studio", "Highmark" and others. The Company competes with office supply stores, wholesale clubs, discount stores, mass merchandisers, Internet-based companies, food and drug stores, computer and electronics superstores and direct marketing companies. The Company is subject to regulatory requirements relating to its corporate conduct and the conduct of its business, including securities laws, consumer protection and safety laws, advertising regulations, and wage and hour regulations.
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