This is only if the proposal to close all Max stores is approved. The current cost analysis shows the company will never be able to afford changing all the stores over to the name Office Depot.
The talk of closing all Max stores was floated around during the Staples merger talks. There is a major chain of the "Party" variety that has interest in sub leasing many of the existing Max stores. Or portions there of. In areas where possible we may sublease up to 14,000 sq ft and run on a smaller 10,000 sq ft Depot concept in the existing Max space.
No furniture, some chairs, limited printers, no tech center, only self serve copies and faxing, and only the top selling office supplies, but full ink and toner pogs in the small concept.
Basically some of these Max stores are 26,000 sq ft and paying $36,000 a month in rent. Even the ones on month to month leases.