Office Depot Inc (NASDAQ:ODP) has established a partnership with TerraCycle, which will boost the duo’s campaign in advocating for the preservation of the environment by shoppers. While the former is the global provider of office products, services, and solutions, the latter fights towards the need for recycling of waste even that which is thought to be non-recyclable. Hence, their joint efforts have resulted in the launch a Binder Recycling Program.
Many believe that recycling is a component of sustainability which will make it easier it easier for the partnership to deliver on its objective.
Understanding the Binder Recycling Program
At every back-to-school season, every parent, teacher or student looks out for new supplies meaning more often than not they discard the old ones. At this point, the need to recycle binders comes into play given that it is everyone’s role to preserve the environment. The Binder Recycling Program will play a fundamental role in achieving this preservation according to Ron Lalla, the executive vice president of merchandising for Office Depot, Inc.
The most exciting part of the program is that one can recycle as many binders, but they must be empty. There is also an instant discount of up to six binders per day. Prior purchases or purchases made with Store Purchasing are not legible for the discount. While the offer sounds all good, it is only applicable in-store at Office Depot and OfficeMax retail locations.
What to know about Office Depot, Inc
The company whose common stock is listed on the NASDAQ Global Select Market has its presence in 59 countries serving both individual consumers and business alike. With an approximate of 49,000 associates, its annual sales run into an approximation of $14 billion.
It has the latest technology, core office supplies, print and document services within its 1,800 retail stores all which are meant to ease work processes. Some of its exclusive brands worth a mention include Grand & Toy, Brenton Studio, Realspace and HighMark among many others.
