Vivendi to Pursue Total Ownership of Lagardère (publishersweekly.com)

*Proposes Combination of Consumer-Focused Retail Operations of Office Depot and Staples as More Direct Path to Achieving Synergies for Shareholders of Both Companies, Without Raising Substantial Regulatory Risk *Process for Sale of CompuCom IT Services Business Already Underway as a Result of Strategic Review Announced in November *Reaffirms Focus on B2B Operations and Other Growth Initiatives to Accelerate Value Creation *Notes That Sycamore’s Proposal Does Not Adequately Address Regulatory Risk to Office Depot Shareholders

FY23 fourth quarter service performance scores covering July 1 through August 11, included: *First-Class Mail: 91.3 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.3 percentage points from the fiscal third quarter. *Marketing Mail: 95.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 85.6 percent of Periodicals delivered on time against the USPS service standard, a decrease of 3.3 percentage points from the fiscal third quarter.

Fourth Quarter Summary: •Total Company net sales decreased 20 percent compared with the same period in fiscal 2019, slightly exceeding Company expectations for a low-twenties percentage decrease. •Digital sales increased 24 percent compared with the same period in fiscal 2019 and represented 54 percent of the business. •Top performing merchandise categories included home, active and beauty. •For the Nordstrom brand, net sales decreased 19 percent compared with the same period in fiscal 2019. For the Nordstrom Rack brand, net sales decreased 23 percent. •Gross profit, as a percentage of net sales, of 33 percent decreased 160 basis points compared with the same period in fiscal 2019, primarily due to deleverage from lower sales volume and higher markdowns, partially offset by planned expense savings.