OfficeMax is an American office supply retailer. Founded in 1988, the company has grown to become a major force in the office supply industry. The company is a subsidiary of The ODP Corporation, with headquarters in Boca Raton, Florida. As of 2016, OfficeMax had 941 locations in 47 states, the U.S. Virgin Islands, Puerto Rico, and Mexico. As of 2014, the company owned over 44,000 stores. The company was founded by Robert G. McPherson, who later became CEO of the retailer.
Despite having little capital outlay, OfficeMax managed to open 30 stores in just six years. In 1990, the company went back to the investment group and raised $33 million. After a year, the company expanded to twenty stores and was projected to have over 100 within a few years. In spite of its slow start, the company was successful enough to avoid bankruptcy. This is why the company is still in business today. The history of the company is as interesting as its story.
OfficeMax’s early years
OfficeMax’s early years were rocky. The company had a skeletal staff of seven employees and had no customer service. Recruits at the time were encouraged to be enthusiastic, hard-working, and willing to work for little pay. Feuer and Hurwitz promised employees a share of the company in exchange for their services. They promised employees the opportunity to move faster and to have more fun than at other jobs. Today, OfficeMax has 400 stores and thousands of products.
In the end, the company has survived because of its dedication to women. Its founders, Jonathan and Nancy Nottingham, made a public commitment to their success by appointing one executive officer and one female general counsel. It’s a thorny path to take, but the company is a great place to start. If you’re interested in a career in retail, OfficeMax has a great deal to offer you.
The company’s early days
The company’s early days have been rocky. However, today, the company has become an institution in the office supply industry. Its founders, Scott Adams, and other employees have created a great work environment for many employees. While OfficeMax is notorious for its fast-paced environment and competitive compensation, the company has also earned its way through a low-paid labor force. In fact, the business has more diversity than any other retail chain in the world.
The company began to face competition from its competitors, such as Staples and Med Max. This is a sign of a strong national brand. Initially, OfficeMax did not have much cash to invest, but it soon became profitable and had thirty stores. Its founders had just a few years to grow the business, but they needed a partner to make it happen. They wanted to add more stores in their area and they were ready to take advantage of the opportunity.
OfficeMax had a skeletal staff
OfficeMax had a skeletal staff when it was founded. The company had only seven employees and was a success in its first year. In addition to its name, it had several subsidiary stores. Its founder Michael Feuer also owned Copy Max. Both companies had similar missions and were meant to meet the needs of small businesses. Both companies aimed to expand their reach. During this time, they had two locations in Florida. The company had no competition and was making money.
It opened its doors on July 5, 1988, with a staff of seven. It quickly hired more people and developed a store concept. The owners needed cash flow, so the company partnered with Kmart. In just one year, sales had increased to $1 billion annually. In the end, it was an extremely profitable deal for both companies. But it wasn’t without problems. In the 1990s, the company had been facing the threat of closure.
Its success came from its aggressive expansion. The company had a skeletal staff of seven people when it launched. But the business quickly grew, and the IPO was announced in March. Unlike other companies, OfficeMax has no real competitors. The company has been in business for 40 years. The firm has been the leader in the retail and business-to-business office sector. Its sales are based on a combination of online and physical retail sales.