BOCA RATON, Fla.—Office Depot says it will close 112 stores, including two in Colorado, over the next three months and open fewer stores in 2009 in an effort to cut costs.
The struggling office-supply retailer will reduce its North American store base to 1,163. Locations being closed include 45 in the Central U.S, 40 in the Northeast and Canada, 19 in the West and eight in the South. Office Depot also will close six of its 33 North American distribution facilities.
In 2009, Office Depot will close 14 stores and open 20 stores, half of what it planned.
Melissa Perlman of Office Depot says stores in Aurora and Broomfield, Colo., will close.
In October, the Delray Beach, Fla.-based company reported a third-quarter loss of $6.7 million.
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