Office Depot Stock Jumps 5% on Strategic Initiatives Update
Office Depot expects revenue from services to reach 20% of total sales by 2020. The company also introduced “workonomy,” the company’s plan for offering integrated business services to enterprise customers as well as SMB (small and medium-size business) customers. More importantly, Office Depot added that “workonomy” will help SMBs to create support based on their business requirements. Office Depot stock surged 5.1% on May 16.