Office Depot Faces Down Dissidents
Delray Beach , Fla. (Mar. 18) Office Depot, Inc. advised stockholders on Tuesday to reject an attempt by Levitt Corp., a Florida-based real estate development company, and Woodbridge Equity Fund LLP, its wholly owned subsidiary, to nominate two dissident directors to the Office Depot board at this year’s annual meeting of stockholders.
The meeting is currently scheduled for April 23, 2008.
According to Office Depot, The Woodbridge Group is attempting, through the nomination of its two dissident directors, to remove Office Depot current chairman and CEO Steve Odland and former chairman and CEO David I. Fuente from the board.
In the midst of implementing a turnaround plan, the company said that it believes the removal of Odland and Fuente could destabilize Office Depot and compromise a successful turnaround.
Office Depot is urging its stockholders to sign and return the Office Depot proxy card solicited by Office Depot’s board of directors, and disregard any proxy cards they may receive from the Woodbridge Group.
The Great Indoors
Given environmental concerns and efforts to get consumers in the United States into the fresh air—where public health advocates hope they will get a little exercise—it is hardly surprising that natural motifs have become even more iconic.
American consumers like their home decor to reflect popular virtues, so natural looks have been moving indoors. The trend has been particularly apparent in domestics, where patterns and colors have reflected landscapes, forestscapes or desertscapes, and has become more evident in other categories that have a strong decorative element.
Gibson Overseas, at the Housewares Show, is introducing Organic Luxury, a line that incorporates these so-called eco-friendly design themes in patterns such as Stilwell, a graphic branch and leaf look (pictured), and Whisper Leaf, more abstract, yet still reliant on a natural device.
It’S All Good in the Hoodie
When it comes to dressing kids, the juxtaposition between fashion and function couldn’t be more important. The apparel must fit the on-the-go lifestyle that’s filled with all sorts of acrobatics and appeal to the tastes of the youthful crowd.
The hoodie caters to both needs with perfection. A stable item for boys and girls, the new styles of hoodies go beyond the typical sweatshirt. Brands like Levi’s (pictured) and Dickies have rolled out new collections that add flair with embroidery, applique, thermal lining and details in pockets and collars. Designers found no limit in rolling out hundreds of styles that will appeal to the pickiest kid on the block.
Thanks to its year-round appeal, the hoodie can carry over from season to season, growing especially popular for the back-to-school season.
Boys’ styles feature the use of plaid in the details, like in the lining of the hood or as a base for cut-out logos. Girls prefer more delicate embroidery and silver-foiled prints on the fabric.