Office Depot sales still shrinking, but profits up

(Getty Images)

Office Depot reported first-quarter sales of $2.7 billion, a 7 percent decline from a year ago, the Boca Raton-based retailer said Tuesday.

Net income rose to $116 million, up from $46 million a year ago. Office Depot is one of two Fortune 500 companies headquartered in Palm Beach County.

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