ODP Corp. is adjusting to changes in the office supplies industry as businesses recovering from the pandemic increase their spending under purchasing contracts with ODP’s Business Solutions Division.
At the same time, however, a drop in demand for pandemic-related products like personal protective equipment resulted in a third-quarter decline in B2B ecommerce sales and a 2% drop in total Business Solutions Division sales to $1.17 billion. Business Solutions accounts for more than half of ODP’s total sales. ODP did not break out figures on ecommerce sales.
“Sales generated through the Business Solutions Division’s enterprise contract channel increased year over year as more business and education customers slowly began to recover from the pandemic,” ODP said, adding, “This increase was more than offset by lower sales through the company’s ecommerce channel compared to the same period last year.”
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