The ODP Corporation Announces Major Milestone Agreement with Leading Hospitality Management Company Becoming Key Supplier and Distribution Partner

$ODP
Other Specialty Stores
Consumer Discretionary
Get the next $ODP alert in real time by email

New partnership positions ODP to expand in the growing $16 billion hospitality industry becoming a key supplier for in-room hotel needs

The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services and technology solutions to businesses and consumers, today announced a major milestone in its B2B evolution as its subsidiary, ODP Business Solutions, entered into a key new partnership with one of the world's largest hotel management organizations becoming a preferred provider for Operating Supplies & Equipment (OS&E). Through this agreement, ODP Business Solutions will become a strategic distribution partner to reliably support the in-room hotel supply needs necessary to run operations and meet their customers' expectations. This product expansion and strategic partnership reflects ODP Business Solutions' continued evolution beyond office supplies and highlights the company's ability to leverage its capabilities and offerings to elevate the experience to businesses in the hospitality, healthcare and adjacent sectors.

"Our expansion in the hospitality market is a strategic step forward, leveraging our expertise to offer the service and compliance standards that customers in this space demand," said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions. "This milestone aligns perfectly with our commitment to providing broad, comprehensive solutions and solidifies our position as a trusted partner in this dynamic and growing industry sector."

"This agreement represents a major inflection point in our company's history, positioning ODP to pursue growth in new and growing industry segments where our core competencies resonate," said Gerry Smith, chief executive officer of the ODP Corporation. "The hospitality sector, combined with other adjacent industry segments, represents a $60 billion market opportunity for ODP Business Solutions to showcase its next-day delivery, high-level customer service and national supply chain coverage to a growing industry base.

ODP Business Solutions will help hotels elevate their linen and towel service by providing high-quality textiles for bed and bath. It will also distribute liquid beauty products and lodging kits, all uniquely packaged to accommodate the needs of every client and guest. The expansion of their product portfolio also includes hotel room technology and in-room amenities.

"These offerings reflect our commitment to delivering trusted brands and products which perfectly supports the curated experience we deliver to our customers every day and across every industry," said Nisha Brown, vice president of marketing & product management at ODP Business Solutions.

ODP Business Solutions will continue leveraging existing categories in cleaning, breakroom, food and safety and will focus on adding new categories to meet the needs of its hospitality customers across all business verticals. As a trusted provider of Operating Supplies & Equipment (OS&E), ODP Business Solutions' vast portfolio supports an array of industries including education, healthcare, manufacturing and more.

To learn more about ODP Business Solutions, visit odpbusiness.com. Learn more about The ODP Corporation at theodpcorp.com.

About ODP Business Solutions:

ODP Business Solutions is a trusted partner with more than 30 years of experience working with businesses to adapt to the ever-changing world of work. From technology transformation, sustainability, innovative workspace design, cleaning and breakroom, and everything in between, ODP Business Solutions has the integrated products and services businesses need. Powered by a collaborative team of experienced business consultants, world-class logistics, and trusted brand names, ODP Business Solutions advances how the working world gets work done. For more information on ODP Business Solutions, visit www.odpbusiness.com.

ODP Business Solutions is a division of The ODP Corporation (NASDAQ:ODP). ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Any other product or company names mentioned herein are the trademarks of their respective owners.

About The ODP Corporation

The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.

ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. ©2024 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

FORWARD LOOKING STATEMENTS – THE ODP CORPORATION

This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, or state other information relating to, among other things, The ODP Corporation ("the Company"), based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "estimate," "expect," "forecast," "guidance," "expectations", "outlook," "intend," "may," "possible," "potential," "predict," "project," "propose" "aim" or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the Company's control. There can be no assurances that the Company will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements.

Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. The Company does not assume any obligation to update or revise any forward-looking statements.

Jennifer Robins

Media Relations

Jennifer.Robins@theodpcorp.com

Tim Perrott

Investor Relations

Tim.Perrott@theodpcorp.com

Get the next $ODP alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ODP

DatePrice TargetRatingAnalyst
8/23/2023$65.00Outperform
Noble Capital Markets
6/23/2023$60.00Buy
B. Riley Securities
1/28/2022$57.00Buy
Colliers Securities
More analyst ratings

$ODP
Press Releases

Fastest customizable press release news feed in the world

See more
  • The ODP Corporation to Announce Fourth Quarter & Full Year 2024 Results Wednesday, February 26, 2025

    The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services, and technology solutions to businesses and consumers, will announce fourth quarter and full year 2024 financial results before the market open on Wednesday, February 26th, 2025. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of the earning

    $ODP
    Other Specialty Stores
    Consumer Discretionary
  • ODP Business Solutions Joins New, Multi-Year, Multi-Award $500M Annual Furniture Partnership with Region 4 Education Service Center

    New Contract unlocks potential growth opportunities and provides discounts on quality furniture and furnishing solutions from hundreds of manufacturers through purchasing cooperative ODP Business Solutions, a leading supplier of workplace solutions and services and a division of The ODP Corporation (NASDAQ:ODP), announced participation in a new award for a multi-year furniture contract with Region 4 Education Service Center (ESC) that brings the potential of up to $500M in total annual revenue. The contract enables the ODP Business Solutions Workspace Interiors team to offer a compliant cooperative purchasing solution through OMNIA Partners, providing furniture, installation, and related

    $ODP
    Other Specialty Stores
    Consumer Discretionary
  • The ODP Corporation Announces Major Milestone Agreement with Leading Hospitality Management Company Becoming Key Supplier and Distribution Partner

    New partnership positions ODP to expand in the growing $16 billion hospitality industry becoming a key supplier for in-room hotel needs The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services and technology solutions to businesses and consumers, today announced a major milestone in its B2B evolution as its subsidiary, ODP Business Solutions, entered into a key new partnership with one of the world's largest hotel management organizations becoming a preferred provider for Operating Supplies & Equipment (OS&E). Through this agreement, ODP Business Solutions will become a strategic distribution partner to reliably support the in-room hotel supply

    $ODP
    Other Specialty Stores
    Consumer Discretionary

$ODP
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$ODP
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$ODP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$ODP
SEC Filings

See more

$ODP
Leadership Updates

Live Leadership Updates

See more
  • Office Depot Announces a New Agreement with Verizon for Select Retail Locations

    Purchasing Verizon products and services just got even easier Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to helping its small business, home office, and education customers live more productive and organized lives, is pleased to announce its business initiative with Verizon, a renowned telecommunications and technology provider. This relationship aims to provide small and medium-sized businesses and consumer customers with a seamless shopping experience for Verizon products and services within Office Depot and OfficeMax stores. As part of this relationship, Verizon will offer a selection of Verizon business and consumer service

    $ODP
    $VZ
    Other Specialty Stores
    Consumer Discretionary
    Telecommunications Equipment
    Public Utilities
  • Grubhub Grows its Marketplace Offerings to Include Office Supplies with Office Depot

    Office Depot is the first office supplies retailer on Grubhub and is available for on-demand delivery from more than 800 locations Grubhub announced today that it is adding office supplies to its marketplace in partnership with Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives. More than 6,000 items are available for on-demand delivery, including laptops, printers, ink, paper products, writing supplies, tech accessories and more. Office Depot is Grubhub's first office supplies retail partner. The addition of Office Depot provide

    $ODP
    Other Specialty Stores
    Consumer Discretionary
  • School is Back in Session at Office Depot with Exclusive Deals, Bonus Rewards, Giveaways, Classroom Wish Lists, New Products, Convenient Shopping Offerings and More

    Start the School Year with Confidence Thanks to Savings of up to 60% on Office Depot's Best-Selling School Supplies From homeschool to public school, from kindergarten to college, Office Depot offers back-to-school essentials and resources to help teachers, students, and parents succeed with incredible savings. Shoppers can quickly and easily find everything they need for the upcoming school year at Office Depot OfficeMax stores and online at our Back-to-School Headquarters. Shoppers can save up to 60% on Office Depot's best-selling school essentials, with prices starting as low as 50 cents. Plus, customers can take advantage of our industry-leading 20-minute in-store pickup or same-day

    $ODP
    Other Specialty Stores
    Consumer Discretionary

$ODP
Financials

Live finance-specific insights

See more
  • The ODP Corporation to Announce Fourth Quarter & Full Year 2024 Results Wednesday, February 26, 2025

    The ODP Corporation (NASDAQ:ODP) ("ODP," or the "Company"), a leading provider of products, services, and technology solutions to businesses and consumers, will announce fourth quarter and full year 2024 financial results before the market open on Wednesday, February 26th, 2025. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference call via webcast, please visit The ODP Corporation's Investor Relations website at investor.theodpcorp.com. A replay of the webcast will be available approximately two hours following the event. A copy of the earning

    $ODP
    Other Specialty Stores
    Consumer Discretionary
  • One Liberty Properties Purchases Two Premium Industrial Properties for $49 Million

    – Base Rent from Our Industrial Portfolio Now Exceeds 72% of All Base Rent – – Closes on the Sale of Retail and Health & Fitness Properties for $23 Million and Will Realize Over $6.6 Million in Gains – GREAT NECK, New York, Jan. 22, 2025 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE:OLP), a real estate investment trust focused on net leased industrial properties, today announced the completion of the previously announced acquisition of two Class A industrial properties located in the Mobile, Alabama MSA, for $49 million. The two properties comprise an aggregate of 371,586 square feet and are located on approximately 31 acres. There are four tenants—Simpson Manufacturing (NYSE:SS

    $ODP
    $OLP
    $SSD
    Other Specialty Stores
    Consumer Discretionary
    Real Estate Investment Trusts
    Real Estate
  • The ODP Corporation Announces Third Quarter 2024 Results

    Third Quarter Revenue of $1.8 Billion with GAAP EPS of $2.04; Adjusted EPS of $0.71 Significant New Business Wins Improving Future Growth Profile Progress on B2B Pivot; Pursuing Core Opportunities in New Adjacent Industry Segments Company Repurchased Approximately $295 Million of Shares Year to Date Company Completes Varis Sale Subsequent to Quarter End The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the third quarter ended September 28, 2024. Consolidated (in millions, except per share amounts) 3Q24 3Q23 YTD24 YTD23 Selected GAAP a

    $ODP
    Other Specialty Stores
    Consumer Discretionary

$ODP
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more