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June 2012
A Service
Office OverviewBy Louise Howarth
Retail Analyst
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Office Overview
Louise Howarth Retail Analyst
This report looks at the office supplies retail sector, analysing the market and outlining current and future trends affecting the office specialists.
All images ©Planet Retail Ltd unless otherwise stated.
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Contents
1. Sector Overview
2. Key Trends
3. Summary
4
1
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Staples is by far the largest of the top three office specialists in terms of sales and global market share.
Staples’ retail banner sales (RBS) has grown since 2007, boosted by acquisition in new markets: India, Australia, New Zealand, Norway, Finland, Greece, Ireland and Mexico. Whereas, Office Depot and OfficeMax RBS’ have fallen, impacted by the global economic downturn in 2008.
X Sector Overview
1
Staples Office Depot OfficeMax
0.0
5.0
10.0
15.0
20.0
25.0
30.0
21
16
9
Global: Retail Banner Sales, 2007e-2011e (USD bn)
2007e
2011e
Reta
il B
an
ner
Sale
s (U
SD
bn
)
Note: e - estimateSource: Planet Retail
There is a huge disparity between the top three specialists’ net profit over the last five years. Both Office Depot and OfficeMax were drastically impacted by the economic crisis of 2008. However, during, as well as pre and post-recession, Staples has displayed a much healthier net profit score.
2007 2008 2009 2010 2011
-2,000
-1,500
-1,000
-500
0
500
1,000
1,500
Global: Net Profit, 2007e-2011e(USD mn)
StaplesOffice DepotOf-fice-Max
Net
Pro
fit
(US
D m
n)
Note: e - estimateSource: Planet Retail
