Office Overview By Louise Howarth Retail Analyst June 2012

Office Overview
By Louise Howarth
Retail Analyst
June 2012
A
Service
Office Overview
Louise Howarth
Retail Analyst
[email protected]
This report looks at the office supplies retail sector, analysing the market and outlining
current and future trends affecting the office specialists.
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All images ©Planet Retail Ltd unless otherwise stated.
Contents
1. Sector Overview
2. Key Trends
3. Summary
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4
X
1
Sector Overview
Staples is by far the largest of the top three office specialists in terms of
sales and global market share.
Staples’ retail banner sales (RBS) has
grown since 2007, boosted by acquisition
in new markets: India, Australia, New
Zealand, Norway, Finland, Greece,
Ireland and Mexico. Whereas, Office
Depot and OfficeMax RBS’ have fallen,
impacted by the global economic
downturn in 2008.
There is a huge disparity between the top
three specialists’ net profit over the last
five years. Both Office Depot and
OfficeMax were drastically impacted by
the economic crisis of 2008. However,
during, as well as pre and post-recession,
Staples has displayed a much healthier
net profit score.
Global: Net Profit, 2007e-2011e
(USD mn)
Global: Retail Banner Sales, 2007e-2011e
(USD bn)
1,500
2007e
2011e
25.0
21
20.0
16
15.0
9
10.0
1,000
500
0
2007
2008
2009
2010
2011
-500
-1,000
Staples
5.0
-1,500
0.0
-2,000
Office
Depot
Staples
Note: e - estimate
Source: Planet Retail
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Net Profit (USD mn)
Retail Banner Sales (USD bn)
30.0
Office Depot
OfficeMax
Note: e - estimate
Source: Planet Retail