Office Depot, Inc. was founded in 1986 and opened its first store in Fort Lauderdale, Florida. Office Depot went public with a listing on the NASDAQ in 1988. By the end of 1990 Office Depot had grown to almost 200 stores with sales topping $626million. That same year, Office Depot announced its merger with The Office Club, Inc., becoming the largest office products retailer in North America.
Office Depot Inc continued to grow in the following years with acquisitions of various brands including H.Q. Office International, Inc., which included the Great Canadian Office Supplies Warehouse chain in western Canada, Wilson Stationery & Printing Company and Eastman Office Products Corporation.
With 500 retail stores in the United States and annual sales of $5bn, the company began a global growth strategy and between 1990 and 1998, Office Depot stores were opened in Israel, Colombia, Poland, Hungary, Thailand, Mexico, Japan and France.