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The office supply retailer reported quarterly results and revealed plans for a big spinoff.

The parent of Boca Raton-based Office Depot now intends to split the company into two parts: one that oversees the retail operation and the other to serve business customers.

Operator Good morning and welcome to The ODP Corporation's First Quarter 2021 Earnings Conference Call. [Operator Instructions] I would like to introduce Tim Perrott, Vice President, Investor Relations. Mr. Perrott, you may now begin. Timothy J. Perrott -- Vice President, Investor Relations Good morning, and thank you for joining us for The ODP Corporation's first quarter 2021 earnings conference call. This is Tim Perrott and I'm here with Gerry Smith, our CEO; and Anthony Scaglione, our Executive Vice President and CFO. Also joining us today is David Bleisch, our Executive Vice President an...

Office Depot aims to split as Staples pursues acquisition By Richard Clough Bloomberg,Updated May 5, 2021, 5:06 p.m. Email to a Friend An Office Depot Inc. store in Louisville, Ky.Luke Sharrett/Bloomberg News/File 2017 The parent of the Office Depot retail chain plans to split into two publicly traded companies, reshaping the company as rival Staples pursues an acquisition. ODP Corp. said it would retain its retail consumer and small-business products and services, while separating its Business Solutions Division contract unit and independent regional office-supply distribution operations. Th...

Mar 10, 2021 A warning has been issued after criminals have posed as police officers in an attempt to defraud people living in the Wyre Forest area. Subscribe to our daily newsletter! Sign Up West Mercia Police officers have received a number of reports of the scam in the area, known as 'Courier Fraud'. Detective Chief Inspector Gerry Smith said: "Following several successful and unsuccessful attempts in the last few days to defraud people in the Kidderminster and Stourport area, I would also ask the public to get in touch with elderly and vulnerable friends and family to warn them of the ris...