Sales of up to 40% off are now taking place. On November 11, Office Depot will close its shop in Hyde Park, Illinois.
Final Sale at Office Depot
The store is blanketed with “final sale” signs as it prepares to close. Discounts of up to 40% are available on some products. According to the store’s interim manager, the decision to close stunned both consumers and employees. “The news is kind of a shock to everyone,” he told reporters. “Hyde Park customers [say the area] is underserved.” Customers have been coming to get their stationary and office needs, according to the manager. “The standard stuff that we take for granted, we’re seeing a lot of people buying to stock up, just to avoid additional trips,” he went on to say.
According to an Office Depot representative, the store closure is part of the company’s nationwide goal to “optimize its retail footprint.” This involves a shift away from brick-and-mortar retailers and toward internet sales. In 2020, Office Depot revealed plans to liquidate locations and lay off 13,100 workers by the end of 2023. Since then, the business has closed 327 stores across the country. However, Office Depot is not the only well-known retailer that is closing a substantial number of locations. Rite Aid, a drugstore chain, is closing stores aggressively during a Chapter 11 bankruptcy. According to court filings, 154 outlets will be closed in the first round of closures. This is in addition to the approximately 25 Rite Aid stores that closed earlier this year.