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OfficeMax Denies Speculation on 23 Store Closings

ATLANTA-The Cleveland, OH-based retailer tells GlobeSt.com it will remain in Atlanta, disputing a report from Deutsche Banc analysts that the company will announce its departure today during an earnings call report.

By Barbra Murray | Updated on November 12, 2001

ATLANTA, GA-Officials at OfficeMax, Inc. deny rumors from security analysts posted on Thomson First Call that the Cleveland, OH-based company is strongly considering closing its 23 stores in the Atlanta market.

A total 460,000 sf of vacant space is at stake. OfficeMax stores average 20,000 gross sf, according to its Web site.

Deutsche Banc’s Michael Baker and Dan Wewer claim the office supplies company will make the announcement during its earnings call today with securities analysts.

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