Office Depot loss narrows in latest quarter

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    • Jan 2009
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    Office Depot loss narrows in latest quarter

    Office Depot Inc., awaiting regulatory approval for its $6.3 billion deal to be bought by rival Staples Inc., said its loss narrowed in its fourth quarter, though the company said it expects market conditions to remain challenging this year. The company warned that its sales for the year would be lower due to its previously-announced plans to close stores, ongoing market challenges and foreign exchange impacts.


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