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Investor Alert

Oct. 6, 2021, 10:21 a.m. EDT

Office Depot aims to make orders available for in-store or curbside pickup in 20 minutes

Office Depot has announced its "20 Minute Pickup Promise," which will make orders placed on the retailer's website or mobile app available for in-store or curbside pickup in 20 minutes or the customer will receive a discount on their next qualifying purchase. Retailers have been competing on speed of delivery, pickup and other fulfillment services. Office Depot has launched this service with the holidays in mind. ODP Corp. (NAS:ODP) is in the midst of separating the Office Depot and OfficeMax business from the B2B business solutions arm. ODP stock has gained 41.4% for the year to date while the S&P 500 index (S&P:SPX) is up 14.7% for the period.

Link to MarketWatch's Slice.