Office Depot closing 112 stores

Office Depot's jumped on the "get outta town quick" train and announced it'll close 112 of its "underperforming" stores over the course of the next three months. The closures will amount to roughly nine percent of the OD's locations, and the company will also close six out of its 33 North American distribution facilities. All of this falls under the banner of cutting back costs, of course, in response the economy's woes and "no profits."

[Via TG Daily]