Office Depot
Ticker: ODP
YTD stock performance: -56%
Market cap: $670 million
Fortune 500 rank: 211

Given the volatility of the stock market and fears of a double-dip recession, it's not surprising that office supply retailers didn't have a great year. Third-quarter revenue at Office Depot dropped 2% year over year to $2.8 billion, largely due to weakness of computer sales. The company's stock fared better than that of OfficeMax, but it trailed Staples.

It was a year of legal tussles for Office Depot. The retailer settled with the state of Colorado in June on charges that it overbilled, and it has faced similar investigations in other states. April delivered a double blow: Investors filed a class-action lawsuit alleging violation of federal securities laws in Florida, while the company closed its last brick-and-mortar store in Canada.

Office Depot faces an increasingly competitive environment with an uncertain future. Deutsche Bank noted to investors in April that a looming "bottoming out" might mean better times ahead, but the bottom might not be here yet. Citigroup's Kate McShane told investors in a July note that she did "not see a lot of catalysts to move this stock up over the next 12 months."


By CNNMoney's Ben Rooney and Fortune's Alex Konrad @FortuneMagazine - Last updated December 21 2011: 8:14 AM ET
Join the Conversation
Fortune 500: Top-performing stocks of 2011

It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains. From Ross Stores to MasterCard, here are the biggest winners.

Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.