District Court, Northern District of Illinois, No. However, as of May 2, 2013, a lawsuit filed by a stockholder, Hollander v. It was announced on February 20, 2013, that OfficeMax and Office Depot would combine in an all-stock deal, creating the largest U.S. Virgin Islands and Mexico that year, net sales were $6.9 billion, down from $8.3 billion in 2008. In December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S. The following year, the combined company split into two: its wood and paper operations were acquired by Madison Dearborn Partners, and the remaining company adopted the OfficeMax name. In 2003, OfficeMax was acquired by Boise Cascade Corporation for $1.3 billion. That year, OfficeMax began closing underperforming stores in some neighborhoods and in regions where it did not have a strong presence. Ī small sized store concept, OfficeMax PDQ, test was launched in Woodmere, Ohio, in late June 1998. OfficeMax developed regional delivery centers, and invested in its super-regional PowerMax distribution centers in Las Vegas, Nevada, Hazleton, Pennsylvania, and Birmingham, Alabama after litigation began with previous logistics and shipping provider. For the next few years OfficeMax and its rivals, Staples and Office Depot, continued to open new stores, saturating the market segment. OfficeMax also filed lawsuits for infringement for use of the "Max" name against Med Max and Circuit City for CarMax, its used car business. ![]() BatteryMax were operated by Batteries for Everything. On July 14, 1996, a new kiosk program called BatteryMax was test launched in two Phoenix stores. Around this time Kmart sold the remaining 25% of the OfficeMax shares it held. In 1995, OfficeMax became one of a handful of companies doing business through internetMCI. In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became a NYSE-(OMX) publicly traded corporation, based in Shaker Heights, Ohio. In November 1994, FurnitureMax store within a store concept begins testing in the Cleveland market. Kmart's shareholders turn down the proposal at their June 3 annual meeting. In May 1994, Kmart put a plan in front of its stockholders to sell 20% to 30% of each of its specialty store subsidiaries shares on the open market to pay down debt and fund future expansion of the subsidiaries. OfficeMax acquired a 19% stake in Corporate Express, a contract stationer. On August 16, 1993, OfficeMax joined Kmart and most of the other Kmart-owned banners in the "largest power center" Kmart operated in Utica, Michigan. The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993 from Intelligent Electronics. ![]() OW Office Warehouse, a Virginia-based regional chain, was acquired on June 30, 1992. In January 1992, OfficeMax acquired five sites from Highland Superstores in Boston. In 1991, Kmart increased its stake in OfficeMax to 92%. In 1990, Office Square stores were purchased from Kmart, in exchange for a 22% equity stake. OfficeMax grew by acquisition with Office World first in November 1990, with Office World executive and Montgomery Ward becoming minority shareholders. Hurwitz left the company in 1993 and Feuer became the chairman and chief executive officer. On July 5, 1988, OfficeMax opened its first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio. Hurwitz served as executive chairman and chief executive officer, and Feuer was the president and chief operating officer. OfficeMax was founded in Cleveland on April 1, 1988, by Bob Hurwitz and Michael Feuer. OfficeMax in Mexico City An OfficeMax in Ann Arbor, Michigan. The first OfficeMax store, located in Mayfield Heights, Ohio. ![]() Following a 2013 merger, it is currently a brand and subsidiary of Office Depot. As an independent chain, it was the third-largest office supply retailer in the United States. It was added to the National Register of Historic Places as part of the Lima Multiple Resource Area under the name Armory-LaTisona Building in 1983.OfficeMax is an American office supplies retailer founded in 1988. Since 1913, the building has been home to a boxing club, cigar company (William Tigner’s Son Company, which produced the La Tisona cigar), roller skating pavilion, community recreation center, furniture store, rehabilitation center, and law office (that of Robert Mihlbaugh the building is often referred to as the Mihlbaugh building). It was also used as a dance hall and venue for various kinds of entertainment, and these activities made it a target for moralizing politicians such as Lima Mayor Corbin Shook. The Victorian Romanesque-style brick and stone structure served as the armory for Company C of the Second Infantry, Ohio National Guard, from 1896 until 1913. The Armory-LaTisona Building, located on Lima’s South Main Street, was originally built in 1892 as a home for the Lima Turners Society (or Turnverein) and was known as Turner Hall.
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