Michigan Office Equipment Store Out of Stock
Business Insider MICHIGAN — Michigan Office Equipment store Out of stock article The Michigan Office Depot announced it is out of stock the products it sells and is going to start selling inventory at a discount.
The store has been on the market since November and had been listed on BATS.
The stock has been dropping for the past two months, and in January it dropped by 30%.
The company told Business Insider on Friday it was in the process of shutting down.
It has about 4,500 employees.
The company’s announcement comes just over a week after another store in Detroit closed its doors.