Slow sales at OfficeMax


22 December 2004 – Itasca (IL): OfficeMax has reported that its retail sales and gross margins during this year’s Thanksgiving-to-Christmas holiday season have been weaker than expected.

As a result, the retailer is anticipating operating income for this year’s Q4 to be below estimates, and comp sales to be nearly flat compared to the year-ago quarter.

President/CEO Chris Milliken said: "Although we exceeded out expectations for the very promotional Thanksgiving Day weekend, overall holiday sales in OfficeMax Retail have been sluggish due to lower traffic."