2011 revenue: $7.1 billion
10-year annualized return: -16.8%
OfficeMax is struggling to regain its footing after the blow dealt to the company by poor employment trends in the U.S. -- companies are simply buying fewer office supplies. "We closed out a challenging 2011 by continuing to streamline our operations and strengthen the core business," said Ravi Saligram, President and CEO of OfficeMax, during the company's earnings announcement for the fourth quarter of 2011, when he announced that profits for the full year fell 51% to $34.9 million.
During the company's fourth quarter earnings report this past February, OfficeMax executives predicted that sales for the first quarter of 2012 would stay flat, as it continues to muddle through a tough market while unemployment rates remain stubbornly high.
NEXT: 13. Micron Technology
By Nin-Hai Tseng, writer and Shelley DuBois, writer-reporter
@FortuneMagazine
- Last updated May 07 2012: 10:56 AM ET
