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Office Depot Closing 400 Stores Nationwide

The company announced that 150 should be gone by the end of this year.
(CNN) Office Depot is closing 400 of its U.S stores.

The chain announced that 150 should be gone by the end of this year.

The move comes six months after the business supply company inked a merger with rival OfficeMax. Apparently, OfficeMax and Office Depot had a lot of stores near each other.

The company isn't saying exactly which Office Depot locations will be shuttered, but the 400 stores on the chopping block will be gone by 2016.
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