Office Depot dismisses SVP contract sales
BOCA RATON, Fla. -- The South Florida Business Journal reported Tuesday that Office Depot has dismissed David Grove, SVP contract sales for the company.
According to the report, Grove's termination was unrelated to company operations, citing an Office Depot statement. Grove joined the company just 14 months ago.
Before joining Office Depot, Grove served in various roles in the office products field including president business interiors at Corporate Express and director of business development at United Stationers.
For its fiscal fourth quarter ended Dec. 25, Office Depot narrowed its loss to $58 million, compared with a loss of $77 million in the year-ago period. Total sales dropped 3% to $3 billion. Sales in the North American Retail division dipped 2% to $1.2 billion; same-store sales decreased 1%. During the quarter, Office Depot closed six stores, opened three and relocated four stores in North America.
For the full year 2010, the retailer reported a sales drop of 4% to $11.6 billion. It lost $2.2 million for the year, compared with a loss of $627 million in 2009.