Specifically, the retailer will close 16 stores in theNorth American Retail Division and 11 retail storesand one warehouse in its international division.Moreover, Office Depot will relocate one warehouse and consolidate certain call center facilities outside of the US as well as terminating contract business in an unidentified country. The Viking brand in the US is another casualty of consolidation. The brand's demise allows Office Depot to eliminate two warehouses.

According to the SEC filings, the company will incur$319.5 million in charges related to the closings and consolidation. Moreover, Office Depot also indicated that it expects to close or relocate additional stores, warehouses and distribution centers during the next three years.

Office Depot operates 1,011 US stores, as well as 76 units in 14 coutries and an additional 153 stores internationally through joint-veture agreements. During its latest completed quarter, which ended June 25, the retailer posted a year-over-year same-store sales jump of 3%. Last month it named Patricia McKay, a former Restoration Hardware executive, CFO.