Office Depot Announces a New Agreement with Verizon for Select Retail Locations
Office Depot (ODP) has announced a new business initiative with Verizon to offer telecommunications products and services through kiosks in select Office Depot and OfficeMax stores. The initial phase includes four locations in California and Illinois, with California stores launching in December 2024 and Illinois stores in early 2025.
The partnership will feature Verizon authorized agents selling products including 5G Business and Home Internet, One Talk Business Voice Over IP Solution, smartphones, watches, and tablets. The program will launch in two California locations (La Crescenta and Pasadena) and two Illinois locations (Chicago and Crystal Lake), offering customers access to market-exclusive promotions and national deals.
Office Depot (ODP) ha annunciato una nuova iniziativa commerciale con Verizon per offrire prodotti e servizi di telecomunicazione tramite chioschi in selezionati negozi Office Depot e OfficeMax. La fase iniziale include quattro località in California e Illinois, con i negozi della California che apriranno a dicembre 2024 e quelli dell'Illinois all'inizio del 2025.
La partnership presenterà agenti autorizzati Verizon che venderanno prodotti tra cui Internet 5G Business e Home, soluzione VoIP One Talk per le aziende, smartphone, orologi e tablet. Il programma sarà lanciato in due località della California (La Crescenta e Pasadena) e due dell'Illinois (Chicago e Crystal Lake), offrendo ai clienti accesso a promozioni esclusive per il mercato e offerte nazionali.
Office Depot (ODP) ha anunciado una nueva iniciativa comercial con Verizon para ofrecer productos y servicios de telecomunicaciones a través de quioscos en tiendas seleccionadas de Office Depot y OfficeMax. La fase inicial incluye cuatro ubicaciones en California e Illinois, con las tiendas de California inaugurando en diciembre de 2024 y las de Illinois a principios de 2025.
La asociación contará con agentes autorizados de Verizon que venderán productos que incluyen Internet 5G para negocios y hogares, solución de voz sobre IP One Talk para empresas, smartphones, relojes y tabletas. El programa se lanzará en dos ubicaciones de California (La Crescenta y Pasadena) y dos ubicaciones de Illinois (Chicago y Crystal Lake), ofreciendo a los clientes acceso a promociones exclusivas del mercado y ofertas nacionales.
Office Depot (ODP)는 Verizon과 새로운 사업 이니셔티브를 발표하고 선택된 Office Depot 및 OfficeMax 매장에서 키오스크를 통해 통신 제품 및 서비스를 제공할 예정입니다. 초기 단계에는 캘리포니아와 일리노이의 네 곳이 포함되며, 캘리포니아 매장은 2024년 12월에, 일리노이 매장은 2025년 초에 개장할 예정입니다.
이번 파트너십은 Verizon 인증 대리인이 5G 비즈니스 및 홈 인터넷, One Talk 비즈니스 VoIP 솔루션, 스마트폰, 시계 및 태블릿을 포함한 제품을 판매할 것입니다. 프로그램은 캘리포니아의 두 곳(La Crescenta 및 Pasadena)과 일리노이의 두 곳(Chicago 및 Crystal Lake)에서 시작되며, 고객에게 시장 독점 프로모션 및 국가별 거래를 제공합니다.
Office Depot (ODP) a annoncé une nouvelle initiative commerciale avec Verizon pour offrir des produits et services de télécommunications via des kiosques dans certains magasins Office Depot et OfficeMax. La phase initiale comprend quatre emplacements en Californie et en Illinois, avec l'ouverture des magasins californiens prévue en décembre 2024 et celle des magasins illinois au début de 2025.
Le partenariat mettra en vedette des agents autorisés Verizon qui vendront des produits tels que l'Internet 5G pour les entreprises et les foyers, la solution VoIP One Talk pour les entreprises, des smartphones, des montres et des tablettes. Le programme sera lancé dans deux emplacements en Californie (La Crescenta et Pasadena) et deux en Illinois (Chicago et Crystal Lake), offrant aux clients un accès à des promotions exclusives sur le marché et à des offres nationales.
Office Depot (ODP) hat eine neue Geschäftsiniziative mit Verizon angekündigt, um Telekommunikationsprodukte und -dienstleistungen über Kioske in ausgewählten Office Depot- und OfficeMax-Filialen anzubieten. Die erste Phase umfasst vier Standorte in Kalifornien und Illinois, wobei die kalifornischen Geschäfte im Dezember 2024 und die illinoiser Geschäfte Anfang 2025 eröffnet werden.
Die Partnerschaft wird autorisierte Verizon-Vertreter umfassen, die Produkte wie 5G Business- und Home-Internet, One Talk Business VoIP-Lösungen sowie Smartphones, Uhren und Tablets verkaufen. Das Programm wird an zwei Standorten in Kalifornien (La Crescenta und Pasadena) sowie zwei Standorten in Illinois (Chicago und Crystal Lake) starten und bietet den Kunden Zugang zu exklusiven Marktaktionen und nationalen Angeboten.
- Strategic partnership with major telecommunications provider Verizon expanding product offerings
- Potential for increased foot traffic and revenue through new service offerings
- Access to exclusive promotions and deals that could drive customer engagement
- initial rollout to only 4 stores indicates cautious approach
- Delayed implementation timeline with launches starting December 2024
Insights
The partnership with Verizon represents a strategic move to diversify Office Depot's revenue streams and enhance its value proposition in the retail space. While the initial rollout is to just 4 stores, this pilot program could potentially expand across ODP's extensive retail network of over 1,000 locations if successful.
The timing of the launch during the 2024 holiday season is strategic, though the small scale of the initial implementation (only 4 stores) suggests a cautious approach to testing the concept. The focus on small and medium-sized business customers aligns well with Office Depot's core customer base, potentially creating valuable cross-selling opportunities.
However, the scope and long timeline to implementation (starting December 2024) means minimal immediate impact on ODP's financial performance. The success will largely depend on execution and customer adoption rates in these test markets before any meaningful revenue contribution can be expected.
The product offering through this partnership focuses on critical business connectivity solutions, particularly Verizon's 5G Business Internet and One Talk VoIP system. These services are increasingly essential for small businesses adapting to hybrid work environments. The One Talk system's integration across multiple devices addresses the growing demand for flexible communication solutions.
Having dedicated Verizon authorized agents in-store is a smart move that ensures proper technical expertise for complex telecommunications products. This could help differentiate Office Depot from other retailers that simply sell devices without comprehensive service solutions. However, the success will heavily depend on foot traffic and whether business customers will view Office Depot as a natural destination for telecom services.
Purchasing Verizon products and services just got even easier
As part of this relationship, Verizon will offer a selection of Verizon business and consumer services and products through kiosks in select Office Depot and OfficeMax stores. The program's initial phase is planned to include four stores in
A list of initial select locations is referenced below, with launches planned for December 2024 in
Office Depot: 3030 Foothill Blvd,
Office Depot: 1130 E. Colorado Blvd,
OfficeMax: 1829 W. Fullerton Ave,
OfficeMax: 4429 US Route 14,
Knowledgeable Verizon authorized agents will be responsible for selling Verizon products and services in these stores, including:
- 5G Business and Home Internet: Providing businesses and consumers with fast, affordable, reliable internet virtually anywhere they need it.
- Verizon’s Business Voice Over IP Solution, One Talk: A versatile, multi-line phone solution for offices, remote work, or a combination of both. One mobile phone number is shared across multiple devices, giving access to calls and business telephone features while on the go.
- Smartphones, Watches, and Tablets: A selection of smartphones, tablets, and accessories.
Office Depot is excited to join forces with Verizon, leveraging their expertise in the telecommunications industry to deliver top-quality products and exceptional customer service. This relationship aligns with Office Depot's mission of providing businesses and individuals with the tools they need to succeed and opening doors for market-exclusive and national promotions, enabling customers to take advantage of attractive offers and deals.
"Aligned with our focus on providing world-class solutions to our clients, we are excited to work with Verizon to provide a robust product portfolio and superior connectivity solutions," said Kevin Moffitt, executive vice president of The ODP Corporation and president of Office Depot. "We are passionate about enabling our customers' business and personal goals and providing each customer with the tools and solutions to succeed. This relationship with Verizon will further enhance our commitment to providing innovative solutions and exceptional customer experiences."
This agreement with Verizon marks another milestone in Office Depot’s commitment to delivering the latest technology to small and medium-sized businesses and consumers.
About Office Depot
Office Depot, LLC, an operating company of The ODP Corporation, is a leading specialty retailer providing innovative products and services delivered through a fully integrated omnichannel platform of Office Depot and OfficeMax retail stores and an award-winning online presence, OfficeDepot.com, to support the productivity and organization of its small business, home office and education clients. Office Depot is committed to enabling its clients’ success, strengthening local communities and providing equal opportunities for all. For more information, visit officedepot.com, download the Office Depot app on your iPhone or Android and follow @officedepot on Facebook, Twitter, Instagram and TikTok.
Office Depot is a trademark of The Office Club, LLC. OfficeMax is a trademark of OMX, Inc. ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. 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.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204652151/en/
Office Depot Media Contact:
MediaRelations@officedepot.com
Source: Office Depot, LLC
FAQ
When will Office Depot (ODP) launch Verizon services in their California stores?
Which products and services will Verizon offer at Office Depot (ODP) locations?
How many Office Depot (ODP) stores will initially offer Verizon services?
