May 9 Office supply chain Office Depot Inc
reported its first-quarter profit more than doubled,
helped by the sale of some stores and lower costs.
The company's net income rose to $116 million, or 22 cents
per share, in the quarter ended April 1, from $46 million, or 8
cents per share, a year earlier.
Net sales fell to $2.68 billion from $2.88 billion.
Same-store sales in the company's North America retail
business fell 5 percent, mainly due to lower customer visits to
(Reporting by Karina Dsouza in Bengaluru; Editing by Savio