Retail Stocks Slid With Office Depot (ODP, SPLS, OMX, USTR)

Office Depot, Inc. (Public, NYSE:ODP) plunged 16.20% to $7.50 after its first-quarter profit and sales fell short of Wall Street expectations on a weak performance in North America. It reported a profit of $20 million, or 7 cents a share, in the first quarter ended March 27, compared with a loss of $54.74 million, or 20 cents a share, a year earlier. Analysts on average were expecting a profit of 8 cents a share, according to Thomson Reuters I/B/E/S.

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Staples, Inc. (Public, NASDAQ:SPLS) slid 2.11% to $24.33 on heavy volume. Over the past one year, the stock is up over 13.50%.

OfficeMax Incorporated (Public, NYSE:OMX) fell 5.32% to $16.55 on heavy volume. So far this year, the stock is up over 27%.

United Stationers Inc. (Public, NASDAQ:USTR) lost 0.76% to $62.29 after hitting a new 52-week high of $63.72.

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