Data Bases • Custom Term Papers • Free Term Papers • Free Research Papers • Free Essays • Free Book Reports • Plagiarism? Links • Top 100 Term Paper Sites • Top 25 Essay Sites • Top 50 Essay Sites • Search 97,000 Papers @ DirectEssays.com • Search 101,000 Papers @ ExampleEssays.com • Search 90,000 Papers @ MegaEssays.com Free Essays • Term Paper Sites • Chuck III's Free Essays • Free College Essays • TermPaperSites.com • My Term Papers • Get Free Essays • Essay World • Planet Papers	Search Lots of Essays Back to Subjects - Miscellaneous office max office max OfficeMax was founded in Cleveland, Ohio in 1988. Originally it targeted small businesses. In 1990 and 1991 Kmart purchased 90% of all new stock. Although they had a high interest in the company Kmart did not interfered with OfficeMax’s business. As a result, it was a great partnership. Sales grew at an annual rate of 141% from 1990 to 1993; this was a result of both new store openings and the acquisition of 96 BizMart superstores. By 1994 OfficeMax had 345 stores and sales of $1.4 Billion. In 1994 Kmart sold 75% of OfficeMax stock and that gave way for a spinning-off of OfficeMax as an independent company. In 1996 OfficeMax reached $2.54 Billion in net sales, achieving its goal despite bad conditions. OfficeMax also opened another 80 superstores and launched its first national advertising campaign. The company also focused on internal issues such as productivity and inventory turnover. Bibliography: Word Count: 153
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