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November 1, 2000 | Bloomberg News
OfficeMax Inc. will close or relocate as many as 50 stores next year and scale back expansion plans. The company, whose shares have lost almost half their value this year, said it will offer transfers to about 2,000 employees. The affected store locations were not disclosed. OfficeMax also said it will open fewer stores in fiscal 2001 than the 54 it had earlier planned.
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BUSINESS
November 1, 2000 | Bloomberg News
OfficeMax Inc. will close or relocate as many as 50 stores next year and scale back expansion plans. The company, whose shares have lost almost half their value this year, said it will offer transfers to about 2,000 employees. The affected store locations were not disclosed. OfficeMax also said it will open fewer stores in fiscal 2001 than the 54 it had earlier planned.
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